Hi tedd,
While I would’nt go so far as to say that the investment property boom could be the next dotcom bubble but what does concern me lately (ever since the Budget) is that there has been an awful lot of publicity saying, more or less, that property is a great investment at the moment. It is certainly “flavour of the month” right now.
For example, much of yesterday’s <!--EZCODE ITALIC START-->
Irish Times <!--EZCODE ITALIC END--> Property supplement was devoted to property investment with headlines (on the front page of the main paper) like “How to do it…and win” and “Where to do it…and why”(?)
. I am not singling out the <!--EZCODE ITALIC START-->
Irish Times <!--EZCODE ITALIC END--> specifically, you can see similar examples elsewhere also.
Of course, property <!--EZCODE BOLD START-->
does <!--EZCODE BOLD END--> seem to be very attractive at present. All I’m saying is that people should’nt discard their critical faculties and should view property as just one of the many investment opportunities that are available out there.
BTW, tedd, the multimillionaire that you refer to in your first post is, as far as I know, Joseph P. Kennedy, patriarch of the famous Kennedy clan.