They say this they say that. Who is right who is wrong?
I'll tell you who is right. You are right.
Listen to yourself, listen to your own logic, your own sense of what sounds right.
If Miles thinks property is way overpriced then fine, don't buy any property. I have made no secret that I think the perfect storm is brewing and that we have a twice (at best thrice) in one adult life time opportunity brewing.
Miss it at your own peril but I am convinced and will funnel as much as I can afford into select properties over the next two or so years.
For those who decide it is safer to keep renting and waiting for the 20%, 30% or 50% drops ... well I think you are taking a huge risk but it is your decision to make. I can't really wish you luck, all I can hope is that you take responsibility if it doesn't go the way you expect, don't show the hatred for property investors and home owners that others on this thread have shown.
