Surprising property investment home loans clickbait

Surprising property investment home loans clickbait

Surprising property investment home loans clickbait

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Surprising property investment home loans clickbait

Surprising, suspicious, property investment, home loans clickbait stories appear soon after any “news” story about low housing affordability. Property investment stories like these are nearly always about a very young person (or couple) on a low income. They use interest only loans and abuse the tax payer (as “leftists” say) to negatively gear their property investment(s). The bank owns the properties rather than the property “investor” in these stories.

Story theme

These stories often follow the same theme until the suspicious public laughs and posts comments on them. Then the theme changes a bit but still leaves out crucial information. So we have no way of knowing if each of these stories is a work of fiction. However, looking at the companies that they mention and the home loans promotions on the page rings alarm bells. It is a type of native advertising. Only a few media organisations publish this type of online clickbait. Others do not or the stories probably would be actual news.

Sometimes these property investment stories used to say that the person or couple had help from parents in some ways. The public laughed because it was initially made to look like the “investor” had no help at all. Now the stories usually just say that the person or couple lived with parents and saved hard. Then they used the tax payer (First Home Buyer Grant), put down a deposit and used a mortgage broker (who for all we know may have turned a blind eye to their precarious low income situation).

Build the Ponzi scheme but be wary

Then the “investor” used the equity to buy another property investment to build their own personal Ponzi scheme with interest only loans. They rented the investment out and sometimes they even rented rooms out to friends, the story might add as another idea in the theme. The problem in these stories is that there is no reminder warning that the whole house of cards comes crashing down if the “investor” loses their job.

A reality check should be offered in these stories. It is correct to “advise” people to buy cheap homes in regional areas to start out with. However, these stories are irresponsible because most poor people simply will not get a loan unless they lie about their income and provide no proof of income. And why would you foolishly buy housing that is so overpriced these days? Wait until the crash and then buy like rich people are smart enough to do. The people behind these clickbait stories do not care how much financial ruin you might end up in, they only want to promote home loans. Look around this page and you might think that I am a hypocrite? At least I am being honest about warning others.

Fake stories?

Wealthier people invest using equity and negative gearing all the time but they can show proof of income from their job as well as rents received. However, no 18-year-old straight out of school is ever going to be able to do this, except in very rare cases and with a lot of family help. So when you see an obvious clickbait headline about the pizza store worker who bought 12 properties in one year then you know that the story is likely to be all or mostly a work of fiction. It is merely another way to get eyes on the companies that the story mentions and home loans promotions on the page.

It seems that the only dream that we should aspire to in Australia is to rip off the tax payer with one or more investment properties. This is what the 2016 federal election campaign ads indicated. The media keeps talking about the topic all the time as if everything is so hunky dory. It is sad because we need to diversify industry urgently so that young people can be their own boss instead of just aspiring to property investment. The housing bubble has to burst soon, despite low interest rates, so people would be wise to keep saving and wait for prices to drop a bit.



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