TGIF, Ep 193
Yes, yes I do think this may be the case.
I'd never attempt to call the top of the share market, and I certainly hope I'm wrong, but chances are, things could get a bit shaky shortly when it comes to property. I'd suggest in the next 12 months, odds are high we'll see a significant pull back in prices.
Now not only is that 'bad for business' for me to suggest this, but unless I'm trying to get headlines in the Herald, I'm risking my reputation by putting this out there.
I recently did a survey on Linked In, a here's what I learnt from the 94 responses so far:
-30% of people expect property prices to stay the same
-51% of people think prices will continue to track upwards
-and only 19% of people think prices will come down.
Phew! I was worried for a moment I might inadvertently be thinking like everyone else!
You may also wish to check out an article I did in the Herald recently about this here.
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