Yeah I remember emailing you about this couple as well. Pretty ironic. Hard to answer alot of your questions…. Plus I am kind of sleepy so I don’t have much energy to write…I think that people who believe real estate will go up in the long run are CORRECT. However they should be prepared that the long run may be a VERY long run. I think it is nearly impossible to pick out a residential property that didn’t appreciate in the long run. It is the hold and hope strategy… (anyone listen to Mo Ansari?)
However those that make money in real estate investments do it in a more prudent manner. They are nimble and they identify emerging markets as well as divest out of deteriorating markets or markets that are peaking…
Anyways surveyor and Counselor may very well do okay in the long run..
You already know my strategy though… renting until I feel the market has become more stable.
