I understand your points non recourse, I was not speaking so much to you as to others who may be reading here, to others who are just now thinking of buying into the market. You are clearly established and can weather a downturn but others may not be in that position. I would not like to tell someone NOT to buy, I just like to add the what if, to stimulate thought because very few people think critically about large purchases it seems. In the end no sane person is going to redirect hundreds of thousands of dollars based on a couple of posts they read on an anonymous forum. But they may be stimulated to do primary research for themselves, as you clearly do, rather than just trusting an agent who was probably laying bricks or selling used cars 6 weeks prior.
I agree with you that agents are useless but I do have a personal friend who is one and he probably only lies to me half the time lol. I also have two other friends with commercial investments where long term lessees have moved out and the agents have told them it will take at least 6 months in the current market to replace them. With holding costs exceeding 10k per annum that is not good news for them. On a brighter note one of these friends owns part share of a serviced office complex here on the SS of Brisbane and business there is doing well, as people who can't afford real commercial space set up shop in his little poke holes. "Fortune passes everywhere"
