madhun you must be a RE agent as your comments
mirror the typical BS RE agents crap on about
there are no statistics that support the notion that
property grows at a rate upwards of 6% p.a.
i must admit even by an RE agents standards you are
quite conservative as the industry uses 8% p.a. as
their growth figures when extolling the virtues of
property investment
no figures anywhere can support such a notion
when you strip out the actual monies poured into
renovations etc actual real studies show that from
1970 to end of recent boom) on a quality adjusted
basis real house prices grew at a rate of 2.3% p.a.
recent investors since 1997 have done very well as
property has had a massive boom (they have done
well if they are now out) but these same "investors"
are clouded by this experience, and if they go back in
for their next property will be kissing good bye to
profits
there are agents out there advising sellers/buyers that
have never experienced a down turn in property
these agents have a very rude shock hitting them now
look out for some cheap mercedes benz on the market
and plenty of agents on the dole queue
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