response to the bears., page-17

rebel1

i belive in simple rules.. which are

1) buy low sell high
2) higher the risk the smaller the investment
3) if risk is high and chance of a return is low - why bother?


at the moment property falls under point 3 for a few reasons

1) house prices are not matching peoples maximum wage
2) interest rates are going up
3) unemployment is going up
4) housing is seriously / historically over valued.

there for, why not wait till price is lower so there is a chance of upward movement, then jump in (if its for investing)