I just don't understand why anyone would want to invest any asset if they think the price will fall...(unless they went short) :DQuote:
quote:MrDevine
Junior Member
8 Posts
Posted - 24/02/2007 : 10:21:32 AM
I'll add my two cents to this discussion.
I just brought my first house in Auckland last week – and yes the numbers are daunting
For first home buyers its a tough call. Yes property prices will fall, so you must ride out the cycle. I've got a 30 year mortgage
why not just wait it out... and get the house when the price is lower?
yes property has made many a fortunes... certainly not by choosing investment in expensive areas, or into falling asset value....
[8D]
.^sc