All property may not be the same, but what are the odds of being one of those lucky/astute enough to be holding one of the rare properties that hold their value in a market-wide correction?
When the market is under pressure or declines significantly, most properties will be affected.
There is no point hiding from that fact.
Those that are over leveraged and under resourced will be in trouble, as with any investment class outside of boom time.
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Peter Batten, MD
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