slappi, this is were being a smart property investor pays off ie the right property for rent. The drift you have is that in times of tightness people rent anything even rundown crap, but as things soften as it seems to have done, people move out leaving the crap behind. The investors do loose out.
But slappi, good tenerant, good location good property make a good investment.
If you read SMQ 30% drop, a lot is predicated on the worset happening, in fact they also cnsider the stimulus packages may improve consumer confidence mitigating any falls.
But irrespective of the fine tuning and quibbling about price, if you find the right property for you, as a home and not the investment, then consider buying as it may not be around when things tuernaround. As to an investment property do your homework and buy again if it can make you money, not how much more it can go down.
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we are just reverting to the mean !, page-51
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