Considering that the CG on IP is basically set at the buying price, I feel it is time to go against the flow.
What do you think?
What could be worse than buying in to a rising market, too late? Possibly one thing : Buying in to a falling market too soon.
RE was “always cheaper yesterday”. But there are times (and we have all seen those) when it does pay to be patient.
Perhaps now is such a time. No one knows which way the market is going : continuing up? levelling out? steady decline? The fact that one should even consider which direction the market may be heading, gives you the answer: steady decline for awhile, at least. When RE was rising , there was no doubt – the question was sacrilege. So, for mine, I’m going to hold for a couple of months & look around for IP’s at better prices. I’d rather miss one now, than miss three later.
What could be better …?
Cheers,
IvanThe last thing I remember is that I was starting to forget things, I think … if I remember rightly !!
ivan
your stategy may well be right, but another way of looking at it is buy now but buy at a really good price. another is if you are in for the long haul in ten year prices should have doubled (at least that is what history tells us) so does it matter if you bought it for 2 or 3 % less ? not in the long run.
anyway i have sold half of my australian properties in the past 6 months (settled on 1 today and settle on one tomorrow, but i will reinvest that money on better property deals).regards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
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