Most people would know of the saying,
“Experience is the best teacher.”
But there is a follow up to it that isn’t as commonly spread, which goes:
“And the worst experiences teach the best lessons.”
In the current Coronavirus predicament that the world is facing, it is natural to feel uneasy.
A looming recession, inexperience in the property market, and human’s nature to counter loss aversion are all reasons why it is tempting to take a short-term view on things.
So in a time of uncertainty and volatility it can be helpful to take a step back to adjust your perspective with a long term view on the property market.
With this in mind, let’s look at an example.
A highly profitable deal… if only they had waited
Nassim Mansion is an old grand dame sitting atop Nassim Hill.
In short, it’s as prime as one can get if