It is human nature to embrace stability. We are programmed to find comfort in familiarity. When we make plans, we assume that most things will
remain constant. When changes are thrusted upon us, our first reactions usually are of shock, dismay and resistance. Ironically change is the one constant you can count on in life. Nothing ever stays the same. Everything, including you, will eventually change.
Change is an appropriate subject for property investors right now. As a group, we have had to deal with a great number of changes in the
last 12 months. It seems like anyone and everyone wants to tell us how we borrow money, how we deal with our tenants, how we create profits,
who we are responsible for and how we should feel about ourselves as investors. Don’t unclench just yet. It is not over, not by a long
shot. Minimum standards will soon become mandatory.
Labour’s attempt to ramp up rental standards have just passed its first hearing at Parliament. The Reserve Bank still has a bull-eye painted on investors. And the market is at such
a constant state of flux that it is heading to what many commentators are predicting to be a slow down of all slow downs. It is safe to say that
change is not only just likely, it is guaranteed.
Change is good though. Change underwrites evolution and betterment. Change switches on our survival mode and pushes us out of our comfort zones
to seek out new opportunities and growth. So how do we embrace change, survive or even thrive from them?
Let go of comfort
We embrace familiarity because it makes us feel secure and...
