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Is The Real Estate Bubble Finally About To Burst?
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Is The Real Estate Bubble Finally About To Burst?
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When people like the person described in that article are investing you just know that the end is nigh!
Like Graham I do the opposite to what the Market is doing. right now I am sitting happily on my positively geared Buy and holds ( bought at the botom of the market) and am building up my cashflow thru business so that I can take advantage of all the bargains when the Boom is over ( end of 2004 early 2005 my pick)
Getting out of the rat raceRat
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A good strategy....though there are some good deals to be had if you are determined to stick to your guns with your offer.
An experience I had in the last month where I put in an offer that I thought wouldn't be accepted but was plesantly surprised. I'm guessing the RE Agent may have scared the vendor with info about the market flattening out etc and better to take this offer now than that it in 6 mths time.
Cheers,
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