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Old 30-11-2011, 09:55 AM
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Originally Posted by Unregistered View Post
There are only 2 groups of people in this world: those who have guts and those who do not. Unfortunately, your advice wouldn't be of help to either group.

Those young couples who have guts would have bought distressed properties as recently as 2009, which was not even one-tenth of a generation ago, and would have seen their investment quadrupled at least, assuming a 20% down payment for suburban condos which have generaly double in price since then.

On the other hand, those young couples who do not have guts will only tremble and urinate in their pants even if a distressed property is offered right in front of their eyes with the economy around them collapsing, their jobs at stake and bonuses cut. They will live through many property cycles without doing anything, anyway.
hehe, i was one of the those who bought one in 2003 and two after 2009. have made enough to own a freehold landed and 800K cash in the bank. now i don't really care if prices crash (can use my cash to buy a cheap one) or shoot up (my landed will increase in value).
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