I must admit I thought Keen did make some very food points back then and had me convinced we would see a retraction greater than we did. We bought a family home in 2007 which we still have which is worth about 3 times what we bought it for . We have put 130K into it though. If you treat property as a short term investment obviously you ight get burnt. Our other 3 properties were positively geared although that will change soon with increasing rates but so what? We just go long. They have also increased in value considerably. Property has worked well for us so far.
