Originally Posted by absolut-advance
My question to you Te Whetu if holding property long term (30 years plus) is ones intention, and historically home ownership has been a extremely good investment due to leverage and inflation, both of which are still here.
(the leverage which is available is far far greater than what is available in shares unless you move into CFDs etc, im a share trader so i do know, try borrow $250,000 worth of shares with just $50,000)
wouldn't you rather buy after a fall in house prices, when you know from history house prices will increase over time, even if not straight away, its the build up cycle, the boom cycle will come, isn't this an opportunity to enter the market at a very good price level, knowing house prices will catch up to inflation at some point in the next property boom cycle. While your waiting for that,inflation is increasing your wages while your Debt stays the same.