Sometimes I notice that 'some' people giving so called 'good' advice about not investing in a certain property market are usually people with sufficient assets already built up ?
Now, I've never been cynical BUT I think I would prefer to listen to other viewpoints and form my own decision. Investment in property is nothing new, and it's pretty obvious that you stand to make a better investment in a country that has major growth opportunities than one where the property market is already substantially overpriced.
Also, for some people (probably the majority) it is the only way that they are able to accumulate any additional wealth i.e. via property. Be it the house they live in or additional property. And there is absolutely nothing wrong with that. Everyone makes their own decison on how they want to spend their money e.g. fast cars or houses ???
I think Bubba makes good points and I think Lef you already are quite affluent and it is easy to 'shell' out advice from your privileged position.
Sometimes I notice that 'some' people giving so called 'good' advice about not investing in a certain property market are usually people with sufficient assets already built up ?