No B.S. guide to property investment : dirty truths and profitable secrets to building wealth through properties by Vina Ip aka Property Soul

Author:Vina Ip aka Property Soul
Language: eng
Format: epub
ISBN: 978-981-07-9390-6
Publisher: Aktive Group Pte. Ltd
Published: 2013-12-31T16:00:00+00:00

There are positive factors in the macro environment that set the mood for property purchase.

1. An upbeat economy and near full employment offer optimism with the near future.

2. Record sales volumes and price levels convince buyers that prices can go higher.

3. Money printing and a bull market in stocks provide the hot money.

4. Low interest rates and easy financing make overpriced properties look affordable.

The greed factor

Human greed knows no bounds. If companies with high price-to-earnings ratios cannot stop people from buying their overvalued stocks, it shouldn’t be surprising to see buyers snapping up overpriced properties at the peak of the market.

To many, the temptation to take advantage of a great opportunity that offers immediate profit is irresistible. And few can resist entering the market when prices continue to climb.

Once you manage to make a profit in property speculation, it is very tempting to put all the money back in the market again to multiply the profit, until it is too late to get out.

Imagine a mouse that manages to eat the bait without triggering the trap. It will keep coming back for more. Criminals are not being caught the first time they commit a crime. The police often have to wait for them to use the same tactic again until they are caught red-handed one day.

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