Yes bubbles happen and then they deflate, sometimes a lot, sometimes a little. But the problem with the pessimistic side of investing is that most bears never accept that there is a good time to buy.
Further to Forged chart, here is a US property chart going back to 1963. There are some dips along the way, but it always finds a new high. I assume there is no need for me to post one of the dow jones as well.
The point being, as a long term investor you need to be able to see past the short term BS commentary. There are certainly better and worse times to buy, and it is prudent to make a decision on where you see the market. However getting trapped in a bear mindset is going to result in missing opportunities.
HC property forum is a great place to view this first hand. For those of us on here long enough, we have seen the bubble comments come and go, all the while property and shares keep rising. The common rebuttal to this is "yes, but wait until the bubble pops, you'll see" but it never does... It deflates, but then finds a new high. And the trick is, when it deflates, the bears say it will keep dropping, then by stealth it starts to creep up again and then it is no longer cheap, and the bears have missed their opportunity, but now of course it is too expensive, so they wait for the next drop, but then the boom comes and so they are back waiting for the bubble to burst... and round and round we go...
