It’s interesting hearing some of the commentary out there at the moment.
Some nay-sayers saying the property market is about to fall off the perch, but it just doesn’t seem to be cooling off….
I personally don’t know how long this can last, say 12 months? 6 months? As the following factors have to kick in some time:
- Unemployment: More people being sacked than hired – how do people borrow when they’re not working
- Interest Rates have to go up at some stage, being too low for too long isn’t sustainable
- Mining Boom has come and gone, what’s driving the economy at the moment???
- Prices in some places just unaffordable, but people are still paying !!!
I have a saying (got it from Robert Kiyosaki) —
“If you plan for the Bad Times, You Will Always Have Good Times!!”
Let the good times roll!!!!
Til next time,
Nhan
