SL has a great deal of credibility here and has my vote of confidence.
Quite painful that every time there is a negative thread here on real estate it is not original thinking but runs virtually in tantem with thoughts expressed by a certain publishing house.
Little said about them indicating that property is not going to collapse.
Might pay to read Warren Buffetts take on people saying real estate should be viewed as a day trade. He makes quite some derisory analogies to show how silly the bears short termism really is. Essentially a sign of poor investment skills. Yes there will be some problems in any asset class but to go on with this day to day bloomberg attitude to real estate , in my opinion smacks of the greatest naivety possible and is bordering on being juvenile.
