property crash coming, page-39

Interesting discussion about timing .

The property crash/devaluation thing . You could say that it's a bet that property will get cheaper i.e. what are the chances ? 5% reduction much greater chance than a 50% reduction and so on .
So , once you have decided how much reduction in price you think there's going to be , then you can decide how long ( how much ) rent you want to pay in the meantime waiting in order for the numbers to work .

Going by all the posters on here that are forecasting a crash , they pretty much all say that they are going to buy property eventually .
So unless you genuinely think that it's going to devalue massively ( e.g. 50% ) , wouldn't you be better off buying a property sooner rather than later ? The sooner you buy , the sooner you pay it off and then can do something else with your money .

As Hawkers pointed out with the Keen example , those people are 7 years behind now . That's a large slice of a person's life with such an important asset .

For those who are betting on a property correction , could someone post an example of the amount of money that they think they are going to save or are saving ? Make sure you include the purchase price that you expect to pay when you eventually buy .