Time to play pin the tail on your dollar!
Discretionary spending is now first and foremost our defining Global Positioning Satellite (GPS) the irony being that in future the vast majority will be viewing Local Positioning Satellite (LPS). This is where our recovery of lost dollars starts (well for most anyway). In troubled times where the volume of the “bridge over troubled waters” is now playing at the maximum we need to move to a different beat which for obvious reasons, starts at home (sweet home), the only asset that remains tax free.
Very few countries globally, enjoy a tax free environment for their principal place of residence. The current market environment presents a leap frog market where losses can, in a few year’s time be capitalised into tax free capital gains. As real estate markets shift so should market sentiment and is was no better example than those who purchased during the last recession (1990 – 1993). They saw entry price double within a few years (tax free with the principal place of residence.)
