Monday, September 8, 2008

Rules for playing the game

Our property markets are changing and we are moving into a new era, where the rules for property investment are different to what they have been to date.

The way many investors have invested in the past just won't work any more at least for some years to come and perhaps the old way of investing will never return.
The times are changing and we are in a difficult economic climate and may be heading to a much more difficult situation in the coming year. We need to be alert not alarmed.
It's time to educate oneself,take note of lessons learned in the past and adapt them to a new and evolving situation where all the cards have not been played by the major players. It is not a time to react emotionally but to detach, survey what is going on in the economy and form an opinion that can be put into an option for action.

Stay fluid, attentive, market ready, and put together several action plans that can be put into motion when they are necessary.
Keep the assets you have and protect them.

No comments: