There’s talk everywhere online about the impending crash in 2019
Housing prices in mature markets in places like London, Vancouver and Sydney have taken a bartering recently.
This means that when we tell investors that we’re buying property in Athens their first reaction is usually- you must be crazy!
But is it really so crazy? Everyone knows the great Warren Buffett made all his money buying when the ‘experts’ said ‘sell’.
Property is a weird one. People behave in strange ways in the property market boom and bust cycles.
Here’s an example (borrowed from Robert kiyosaki). When you go to the supermarket and they have a BOGOF on your favroite cookies, do you buy more or fewer packets?
Of course you buy more. Doh!
So why is that when we talk of real estate markets we find people including investors it must be said, who stop buying when prices are low?Read More