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This is most definately a pyramid scheme. Overall pyramid schemes only really work for those in the top few levels and it is very hard for someone lower down to make really decent money out of it. (And if you aren't one of the people presenting or helping setup the presentations you are lower down.)
The thing I have noticed is that you said they want to charge you $1000. The 'good' (used loosely) pyramid schemes that actually have semi-decent products for you to sell do not even charge joining fees as they realise the more people selling the better for them at the top. So the fact that they are charging you means they aren't even doing that great at the top as the products themselves are probably difficult to sell.
Nobody knows what is going to happen and nobody can predict if prices will increase or decrease and by how much.
No matter what there will be some areas that will increase and some will decrease – this means that one can make a profit, they just need to be a bit more vigilent on where they are purchasing compared to when there is a 'boom' and pretty much everything goes up.
The only thing you can do is use logic and get your hands on as much information as possible before spending your hard-earned on an investment.
Also by the fact you said that you are not looking for a quick profit so long as you stick to the golden rules of quality property in quality areas you should be able to ride out any possible little hiccups that are to come before the market starts to increase properly again.
I personally rent where I like to live and then invest where I think I will achieve the highest gains in property.
I live in a tourist town where median house prices are 500k and median rental are only 300pw. The return that you can get by investing elsewhere far outweighs the fact that I am not living in 'my own' (even though the bank would own most of it) house.
In the end it all comes down to personal preference and if you like where you currently live there is no need to move.
Before going into such a large investment such as a property one needs to gather all of the facts first.
You seem to know very little about both the property and the location.
Sure there are websites that will provide with general statistics for the area and these should be used in conjunction with other information you have acquired.
The only real way you will get this information is by going and have a look yourself. A 7hr drive is not that far to check that your investment is indeed as good as it seems.
The ramifications that come with being misinformed and nieve when purchasing property can be an awful lot more serious than taking a weekend trip to go and visit.
