Quote:
Originally Posted by Unregistered
Sure it sounds good..but the catch is that your property must correspondingly rise in value, if it goes down you are worse off coz u still need to pay the large loan that you borrowed from the bank. Oh yeah, when do retrenchment takes place normally? I guess 90% of the time its during downturn and during downturn, it mean things are on fire salel so which means will your property goes up or down? I guess u got the answer in your heart.
Investment sounds good in theory but do you got the guts to execute it or even the foresight? If you are just a normal average salary joe, then investment is always a game for the rich.
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This is the theory everyone says but never happen. Look at 2008, all say end of the world, economy collapsing and all the anti-property people say crash is coming. In the end what happen?
A slight 10%-15% correction for <1 year followed by a massive increase once again. Do not confuse economy / stock market downturn with properties.