In any period there are profits to be made, the difference is that when things are booming any mug can make money, but in times like these whether it is stocks, property or any of the other current investment schemes, it is extremely difficult and you must be far more careful of the purchase and many people do not have the skill or the energy to do all the work required
Even if you can (and you can)buy property for 30% less than the previous owner paid is it going to be a good investment?
