Real estate crash?

Discussion in 'Property Market Economics' started by Mark88, 11th Sep, 2011.

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  1. Mark88

    Mark88 Active Member

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    Mark88, 11th Sep, 2011
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    If you are buying a home to live in, which you intend to keep for 10+ years, and don't over-extend yourself financially when taking out a loan, you should be fine to ride out any short term fluctuations in real estate prices.

    Don't forget, the key line to that article was the last one "Mr Dent is in Australia to promote his book, The Great Crash Ahead - How to Prosper in the Debt Crisis of 2010-2012" ... which pretty much says it all. He's made a prediction, now he's out there telling everyone who'll listen about how bad things are, just so they'll buy his book.

    I wouldn't be mortgaging myself up to my eyeballs, but I also wouldn't be hiding, scared that the world is going to end.
     
    Simon Hampel, 11th Sep, 2011
    #2
  3. BillV

    BillV Well-Known Member

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    BillV, 13th Sep, 2011
    #3