Take a look at this graph…..
To be sure – a good investment but like all investments prices fluctuate and:
- you have to live somewhere so if you cash up there is no return unless downsizing or going to a lesser cost market;
- Geography then – as usual – matters! Even recent recent Auckland rises have been offset by falls elsewhere;
- its close to impossible to “time” this market with any accuracy such that you make market beating returns
Like everything else – no free lunch – there is risk and reward….. you are NOT the exception, you have to use your scone.
(Thanks to David Farrar for the chart)