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Karen Wheller

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Residential property market is still on its way further down

It was brought to my attention that there are even more predictions about real estate going down for another 2 years or more.

Can this be true?

As with any prediction, it can be true as much as it can be wrong. But, in essence for real estate / property investors that have purchased correctly – this does not matter at all. Never did and probably never will.

Sure any investor can buy one or two wrong properties in their portfolio that don’t make much money, but one “sour lemon” has never been the “end of days” for any property investor.

Unless, of course there is the “but” again, and the “unless” again…. those are the only properties that the investor holds. Then this could be a big problem.

So, why in essence it doesn’t matter where the market goes?

Read More: Real Estate Still Going Down in South Africa  



 

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PMM - Home loans Down     | 196.30.245.xxx | 2008-11-27 04:02:13
I don't think that property is going to be up soon not with the way the financial crunch is happening. It will take some time to pick up again.
Absa home loans - home loans     | 41.247.251.xxx | 2008-12-18 15:34:06
you were right... and it's still going down. property market will not increase for the next 8 months...

nice blog.
Pmm - Home     | 165.146.34.xxx | 2009-02-11 03:45:56
I have been very lucky where I am renting, that this year they have not increased our rent, but for others I know that they have increased and it puts huge pressure on ones pockets in this time of financial stress.
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Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.

 
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