Nothing new here, scores of rational books on RE investing detail the pitfalls, the largest being debt - to buy property you have to buy money first and in this debt ridden world - money is scare.
Today's buyer needs to ignore the industry rhetoric about property invincibility, wait until house prices return to near the historical median versus wage level (as they will) then buy selectively.
Meanwhile, enjoy the pleasure of saving and regular interest payments.
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do not buy property !, page-14
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