Well, numerous people on this forum suggested that i read the latest book if this author. I bought the book and i am now diligently working my way through it. However, one thing that strikes me as rather interesting is that the books is based on a claim that property values double every 7-10 years. This is a claim that is being made regularly throughout the book.
Numerous people on this forum stated that it is irresponsible to claim that properties will always grow by 10% a year or double every 10 years. Obviously no one has a crystal ball, but when a person with a reputation like Micheal's is making a claim in his book one would tend to believe it. Yet, doubling of property prices every 7 years does sound too good to be true (unless of course there is a boom like the last one ever 7 years, but this is also unlikely i understand..). Who is right? Who is wrong?
Numerous people on this forum stated that it is irresponsible to claim that properties will always grow by 10% a year or double every 10 years. Obviously no one has a crystal ball, but when a person with a reputation like Micheal's is making a claim in his book one would tend to believe it. Yet, doubling of property prices every 7 years does sound too good to be true (unless of course there is a boom like the last one ever 7 years, but this is also unlikely i understand..). Who is right? Who is wrong?
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