Quote:
Originally Posted by Unregistered
I know of stupid people who sold their property in 2007 and started renting. When prices fell in early 2009, they did not buy because they said prices will fall further. I told them that prices will recover fast but they didn't believe me. Now they are all worried as prices continue to rise. Now they are buying before their cash got burnt out.
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When they start buying, then prices will come down.
Not so soon. We are now at 1990, when prices just exceeded the previous peak in 1984 after many years. A lot of people are still hesitating on the sidelines thinking that prices had peaked because it exceeded the previous peak.
Still 6 more years for property to triple in price.
