"a fool and his money are easily parted"
that's so true, and anyone who thinks that the trend of the last 10 years in property growth is the norm is either young and ignorant, or just foolish.
Gotta feel sorry for the younger ones who have heard of nothing but spectacular gains , view property as a no-brainer and have leveraged themselves to the max.
I'd rather be on the sidelines in cash, than fretting everyday about my huge mortgage/ maintainence costs, interest rates and the future economy.
Opportunity cost is looking better and better for renters
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