This is Part 3 of Rolf's "Fallacy of How to be Rich" series where I will discuss about property / real estate investments. Earlier posts as follows. The Fallacy of "How to be Rich" (Part 1) The Fallacy of "How to be Rich" from Investing in Shares (Part 2) Price of property sure goes up one lar! In this land scarce city, many believe the fastest way to be rich is to invest in property. To the mass mainstream Singaporeans, it is a no brainer that property price will only have one direction to go. And that is up! To certain extent, this is true. If we refer to the overall Singapore Residential Property Price Index from 1976 till 2016, while there were dips during crisis of 1987 (US stock market crash “Black Monday”), 1997 (AFC), 2000-2003 (Dot.com bust and SARs) and 2009 (GFC), but overall it is ......