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All due to entitlement. Landlords, investors, sellers, corporates, governments all just think they can press the 'charge more money' button and the money appears. Entitlement is just another term for wishful thinking, there's always risks in any investment. The mere mention that house prices may go down infuriates people. With no risk management there's going to be a lot of investors who invest down to their last cent. Any event could mean being forced to sell or foreclosure. They get infuriated because they won't financially survive if there's a market correction. I find that sort of attitude to be the biggest sign there's going to be a market correction.
Unlock Your *FREE Guide to Fast-Track Your First Home Purchase* ! Visit this link for more info:
www.willbellmortgagebroker.com.au/home-sweet-homeowner
not only rent go up, home price goes up over time, deposit goes up, council rates go up, strata fee go up, insurance go up, everything go up!
All due to entitlement. Landlords, investors, sellers, corporates, governments all just think they can press the 'charge more money' button and the money appears. Entitlement is just another term for wishful thinking, there's always risks in any investment. The mere mention that house prices may go down infuriates people. With no risk management there's going to be a lot of investors who invest down to their last cent. Any event could mean being forced to sell or foreclosure. They get infuriated because they won't financially survive if there's a market correction. I find that sort of attitude to be the biggest sign there's going to be a market correction.