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And that is not a Sun Tzu quote. It is a Lao Tzu quote. Nothing...

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lispingduck

7,180 Posts.

16/03/18

15:57

Post #: 31812517
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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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And that is not a Sun Tzu quote. It is a Lao Tzu quote. Nothing to do with the art of war. I'd bet Sun Tzu loves to predict, one of his and other great generals ability is to acurrately predict their enemy's moves.
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