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  1. #1
    Senior Member
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    How do I take advantage of a property boom?

    Hi,

    How do I take advantage of a property boom?

    * one would be to have bought on the down and now laugh . I missed that one

    However, I am thinking that surely there is some other way. I mean every person here either now has a massive mortgage or are about to enter one. Whereever you go, it is buy buy buy. * The city has a 24% price rise as an area last year yet 4 central popular suburbs still had -10% to -40% losses so it is not great for everyone despite the press. Some suburbs have had 81% increases though

    Is there some balancing out of the property market? Eg. knowing that others are locked into mortgages.

  2. #2
    riding once again jschen's Avatar
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    Trying to make forward-looking decisions based on past results is like driving a car down the highway based on what you see in the rear view mirror. Don't do it.

    Trying to speculate on what is properly valued and what isn't (or what's going up and what isn't) is trying to beat a bunch of smart people who do this full time. Don't do it.

    Make a sensible plan for yourself. Have professionals handle the details (through funds). And consider even getting a professional to handle the making of the original plan.
    If you notice this notice then you will notice that this notice is not worth noticing.

  3. #3
    Senior Member ajay677's Avatar
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    For the record, I am not now, nor have I ever been, an idiot.
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    Wait until interest rates rise further and begin to squeeze all the no money down, interest only buyers. Bargains will be plentiful as they try to unload properties they can no longer afford. The glut of properties available will further depress the market making for an excellent buying opportunity for anyone with the resources.

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