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Originally Posted by KRL
If you buy property that you can afford to sustain no matter what the cycle you will be ok.
The folks that get hit hard in the down cycles are those who bought entirely on speculation without the resources to sustain their portfolio in a buyers market.
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Thanks, that's a good point. I guess the horror stories you do hear about are from the people who overstretch themselves financially. (But even if paying cash instead of mortgage, I'd hate to buy at the peak of a bubble.)