Is it now time to reinvest in property

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Woodsman

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I sold three rental properties, beginning in 2003 and finally disposed of the last one in 2005. Of course everyone told me I was mad at the time.

I am seriously impressed by the foresight of the posts on this topic as far back as 2002 especially the advice from Brendan at that time.

I am now wondering if it is the right point in the cycle to try and purchase a house in a good location for renting. My gut feeling is that houses are still way overpriced and the average house price should fall to app 150k but then one shouldnt try and buy at the bottom or sell at the top, nor should one follow the herd.

Seeing everyone is selling perhaps its time to make a move. Right now I feel its a choice between the stock markets which may also be overpriced or property.

Would commercial property be a better buy than housing or would it be better to sit and wait?
 
Except AAM has allowed the constant predicting of % in the drops in prices so a discussion along the lines of the one Woodsman is starting sounds reasonable. Once a reasoned debate can be made then I don't see the harm, but once it descends into wild predictions then its of no use to anyone. I guess a mod will give this the nod or not.
 
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This thread is in clear breach of our ban on house price discussion, so I am closing it. We have made many attempts to have a reasonable debate and it just descends into farce.

Try The Property Pin as umop suggests

Brendan
 
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