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Everyone predicts barg, the knowledgeable and unknowledgable....

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lispingduck

7,180 Posts.

16/03/18

15:49

Post #: 31812235
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Originally posted by Barg ↑

To quote Sun Tzu in 'The Art of War,' 'Those who have knowledge, don't predict. Those who predict, don't have knowledge.'
Nevertheless, generally speaking I would not advise anyone to buy property in an overheated market, or a market that seems to have reached the top of the cycle. The old adage rings true: buy low, sell high. That said, given it looks like we have reached the market high in Sydney and interest rates 'may' rise in the future, and with the advent of borrowing limitations via the MP regulations, the cooling has just begun. No doubt that this market (Sydney) is difficult to predict one way or another, given elevated immigration and low interest rates. It may take an X factor of geopolitical or domestic political forces to turn the tide. But one thing in the laws of economics never changes: and that is economic/business cycles. They rise and they fall. The hope of aspiring property buyers wishing to enter the market lies with the latter.

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Everyone predicts barg, the knowledgeable and unknowledgable. Its whether they choose to publicise it or not. I know you have your predictions..the fear of being reminded of their incorrect predictions have many too scared to publicise theirs.

Last edited by lispingduck: 16/03/18
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