Property crash – what’s that?
Never heard of such a thing. Especially not here in Australia.
But, lately, it’s the talk of the town. The hottest topic. Is the Australian property market headed for a US style crash?
Well, let me state right up front – I have no idea!
Does anyone know? I doubt it. Nevertheless, it’s appears to be a topic of keen interest these days.
But, where does this conversation lead?
Doesn’t it beg the question, “What can we – as property invstors – do about it?”
I would suggest the answer is simple; basic; obvious.
It’s like asking the weatherman, “What can you do about the weather?”
It’s like asking the sea captain, “What can you do about the rising tide?”
And, isn’t it like asking the property investor, “What can you do about the housing market?”
They all answer the same, “Nothing!”
Be like the sea captain
But, like the sea captain, we can prepare to weather the storm.
We can position ourselves to take advantage of strong winds and flowing currents; the same winds and currents that can destroy us. The same winds and currents that can sink us are also the ones that can propel us to our destination.
So, I guess, as property investors we need to harness the “energy” of the market. Be it an up market or a down one. An up market brings opportunities; but so does a down market. Our job is to find them; to see them; to take advantage of them.
Just like a sea captain can read the situation, we too must be able to read it. The sea captain must reach the target destination, in a specified time. We too must do the same.
So, I reckon we need to be like the sea captain. Know where your going and acheive the required experience and skill to get their safely and in a timely manner
You may hit a few rocky shores along the way, but that of course is all part of the adventure.
And, you may want to check out my article, Property correction necessarily a bad thing?
Have you got something to add to the “property crash” theory discussion? Let’s hear it.