de bono:
While I wouldnt call where I am living now a hovel, its a unit close to the city and being rented at a price that my poor landlord must wish he had the money in the bank. Its not where I want to live forever but perfect while I'm figuring that out.
Tox: while I'm not crediting or discrediting nickoos ability. I would say that its not easy to pick when a boom is about to occur but very easy to tell when its almost peaked. All the warning signs are the same in every case - people falling over each other to buy tulips, the shoeshine boy giving out stock tips, ordinary joes making $80K from the sale of a unit in labrador they've owned for 2 years, the majority of the population believing there is no downside risk and any doubters receiving harsh criticism on internet message boards.
Once again, I will not say that property has peaked (it looks that way though) but i will confirm that you will pay less for a property in 5 years than you will now.
Does anyone know how I can go short on property?
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