In one of her articles, local blogger YP shared a real estate investment ordeal that she and her husband suffered many years  ago. Like many Singaporeans, they had bought a private property because her husband's colleague had bought a newly-launched project. Fearing that they would miss the boat, they also bought a unit. But unfortunately, they had to sell the unit in the end and suffered a loss. In her article, she listed 6 lessons learned from her failed property investment. But in my humble opinion, both of them committed a few major mistakes made by Singaporeans when it comes to buying properties.Most Singapore investors have a misguided belief that property is a sure-win asset that they should possess in their investment portfolios. But they don't realize that during economic downturns, that asset could become a toxic liability that might lead to their personal finance downfalls. This is ...