Originally Posted by
Elden
I agree with what you have said. Plus, I feel that to properly be able to take advantage of this "buy low, sell high" concept, you need to have two properties.
If you only have one property, how can you buy low and sell high? If property prices are high, you sell at a high, yes, but then you have to buy another place to stay in, and you will buy high also. So you can't "buy low" at all. Unless you actually sell high, rent a place, wait until property market drop low low, then"buy low". I think most people won't do something like that.
Hence why I think if you want to "invest" in property properly, you really need to have two property. One that you can stay in, and one that you can sell as and when you feel the price is right.