They don't need to crash. If they experience real declines yoy for 5-10 years anyone with a leveraged ip or three will get roasted. Tax deductability isn't as useful when the underlying asset is making a capital loss.
The average age of a bear will most likely be anyone who isn't a boomer. Boomers have experienced impressive gains from property, thus all think they instrincically understand property investment and view it the key to wealth because it has had great returns in the years they were at peak earning power for a variety of factors most don't even understand. Many have unlevered ip's as a result. E.g my parents have 3 that are completely unencumbered. That doesn't mean i (or they) should go out and leverage into a property development TODAY because it worked for them back in 2002. Property is like any investment, when the price has run hard for a long time and it has delivered stellar returns it's in investment parlance OVERVALUED or FAIRLY VALUED!! Most people investing want something undervalued.
Get in or miss out forever. We can all of us, the entire working population be rich by owning 3 to 4 ip's.
