For thousands of years, properties has been the foundation of wealth creation. All millionaires own a significant portion of their wealth in properties. And if you want to become a millionaire, doesn't it make sense for you to do what the rich are doing? Of course it does.
At the same time, the rules for property investment in this new decade has changed . Why? Because the investing environment and the world as a whole have changed. The US is in deep trouble. The same applies to China, Japan, Dubai and even European countries (Greece is the first of many to fall). The Euro is shaky, the price of gold is hovering at the $1,100 mark, the price of oil have climbed back up to $80 while the derivatives market is just waiting to explode. Now while these events are happening outside our shores (at the moment), it will affect us sooner or later. For example, the imminent crash of the US dollar will affect the whole world, perhaps in ways that is beyond our imagination even. One of the likely scenario is that the markets - stocks, properties and derivatives - will crash while the interest rate shoots up, perhaps to even double figures!
Scary as it is, these are very real threats in this new decade.
But of course, wherever there is danger, there is also opportunities.
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