Property held long term ( never sold ) is still the best asset base from which to diversify your portfolio.
Those whe have sold a CGT property ahead of the impending but elusive crash pay tax on the CGT component and whether they will ever be able to repurchase the same property after the " crash " with there CGT taxed funds is for my money next to impossible to achieve.
I was hoaxed by a realtor to sell one property in 2000 because of the "GST" baloney. Slow down on Cap Gains my Fat Ass. Could not get anywhere near repurchasing this property today.
Buy and never sell.
You do not wait to buy real estate. You buy real estae and wait.
