Well this is an interesting one.. Everyone seems to be running scared and selling their properties at stupidly low prices just in case inflation gets out of control. I have been exploring this more, simply because I have been working with a 'free property course' company called Property Mentor who offer a FREE UK course on beating the credit crunch through property. I must admit there stuff is very convincing and I might take it up... Anyhow your thoughts? Anyone experienced previous crashes?
Well Im sitting tight for now, don't own a house yet so Im putting cash away so that I have a deposit when prices have fallen a bit more. If you can get in there when prices fall to their lowest then you can make a lot of money - Thats my aim!!
real estate would be the last thing i would let go - get rid of other things like pay tv, expensive auto, cut back on shopping, etc