What if the property prices drop further after I buy? I will feel like a fool!
No one wants to buy at the peak of the property market! Imagine if you buy a property and then a month later property values fall and it takes more than 2 years to recover to the amount you paid for it. That two years of holding costs (interest) for no gain. Would you kick yourself if that happened? This begs the question, how important is property market timing?How important is good timing?I used the graph below to pick two points in time to measure the importance of “good timing”.See chart here. You will notice above that the median property price in Sydney fell between December 1988 and…
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