@Peter, like all investments people look for returns. On the property front, suppose you buy an expensive place and want to rent it out ( as an investment ). Chances are that you will not find the tenants to pay the rates that you want. Next step is to get some NGO to pay, again chances are that you will have a tenant until the work contract of the NGO expires, then you are back at square one. Given the glut of expensive places and rents, you may find it difficult to get a return for quite a while. Also do not forget that Caesar also wants to tax you on rental income. So business makes more sense than property.

 

Simple question = would you buy an expensive property that you know is over priced and what happens when you sell it?

 

Any suggestions?

 

Rgds.