property has got to be the worst investment, as far as returns are concerned, at this point of time (and has been for a while)... where do the exuberant rents go? and why are there still inflated prices on properties?
banks, people...banks ! they have been THE ONLY party,that made money, in most sales of last 3-4 years...
and still, people are fine with it 'cose every single one of the owners thinks that "there'll be something leftover for him/her in couple of years" so they fork out 40.50,60 thou's of interest over next 3 years so they can end up with 30 thou higher price(and sometimes not even that)!
don't you think they deserve everything they get (for not knowing even the elementary mathematics and still going ahead and risking their kids inheritance and lifestyle with as much research as if it's buying ice cream)?
