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13,142 Posts.

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10/03/15

15:33

Post #: 14889695
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Originally posted by empror ↑

Financially, strategically speaking most property investors would be already prepared .
Having taken profits along the cycle.
The Financially literate would have a cash reserve aside for such an opportunity .
Those relying on a downturn to borrow money to purchase property will find it difficult to get the finance simply because banks will tighten loan criteria and then again we will have again the " BEARS CRY WOLF"
I bet most of those on this forum who are sitting on the fence waiting for the cycle to turn don't realize that usually this occurs only after interest rate dramatically rise in which case they can't afford the repayments or massive job losses occur again can't afford the risk to purchase in the event of job losses
The significant factor is that when there is a decline in property values this is usually preceded by economic financial corrections or shocks

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Yep, by the time economic downturn has occured, most bears have already lost their jobs... or barely holding on to pay bills. Let alone buying a house.
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