By Mr. Propwise
Buying a property is the biggest purchase most of us will make in our lives. Making a mistake and buying a property at the peak of the market can have disastrous consequences, leading to years of income being wiped out, and even bankruptcy if you are over-leveraged and suddenly find yourself unable to meet the mortgage payments (or a call from the bank to top up equity when you are cash-strapped).
What the Wise Investor Does
“Those who do not learn from history are doomed to repeat it.” – George Santayana
The Wise Investor times his (or her) investment based on three things:
- Understanding the history of the property market cycle
- Knowing which part of the cycle we are currently in
- Looking at leading indicators to estimate the turning of the cycle
The Wise Investor bases his understanding and analysis on DATA, and not opinions, guesses, ...
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