The Green Man December 03, 2003

How To Go Wrong With Property Investing

Have you made yourself rich by investing in property? Perhaps you attended a seminar by Henry Kaye, pictured. For a mere $12,000 you could attend one of his introductory seminars on making yourself rich. The Green Man's first response would be, "Hang on! I am actually going to be $12,000 poorer." and that turned out to be the reality for many of the attendees.

Mr Kay was a company director of over 100 companies and two of them, Novasource and Empower Group, claim that he owes them $2.8 million and $2.2 million respectively. Hmmmm $5 million magically evaporated. The cynically minded might be tempted to suspect it has found it's way into a Swiss bank account. Perhaps the odd Swiss chalet has been purchased, who knows, and, if so, it may have been yet another property decision that was doomed to loose money.

The BBC reports that global warming will wipe out entire sky resorts as the snowline rises 300m. An estimated 37% of all Swiss sky resorts will collapse, as compared to Australia where roughly 100% of sky resorts will collapse, we are not very good at snow even in the coldest of winters.

The Green Man recommends investing in that beach resort that is a couple of miles inland. Before you know it it will be on the shorefront.

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Posted by GreenMan at December 3, 2003 10:02 AM | TrackBack
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