"Buy selectively now and in 10-15 years you will be the one who is laughing."
What, because houses will experience the same annual growth compared to the 90's (more than double wage growth) and be running at double the current 9 times average pre-tax wage, say 18 times, with 60 year loans that you contract your unborn children will continue to service once they are born and old enough to work? (pending a fertility and relationship stress test of course)
I doubt there wil be a crash myself, maybe a correction of up to 10%, but potential for 5 to 15 years of zero price growth may as well be a slow motion crash.
Remember, you can never ever lose with property. Ever. You will never be a loser if you buy property. You might have to wait 15 years, but you will gain eventually. You may have tripled your cash if you had put it in case instead but you will still win with the property. Eventually.
