Reply To: Warning from Moneyweek!

#94259
Anonymous
Participant

I fully agree with the ´life is too short´ argument that is why I continue to look. Truth is that if I find the right place at the right price I´ll buy it. Even now when I do believe that prices have further to fall.

Problem is that the vast majority of vendors, I include the banks here, have unrealistic expectations of what their properties are worth at present. I feel it is going to take either a couple more years of pain or a banking crisis before reality sinks in.

In the meantime my money is sitting in equities and doing very nicely, thank you.