Reply To: Wait until the storm is over

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Jacob Singh… You don’t need to know if the market is at the bottom. The key thing is to look at established areas that have performed extremely well in the past and have held their value. After you have established these, you look at the impact the current situation is having in terms of percentage drop. They key is to find a percentage drop that is irregular considering past movements of the area(s) in question. This way you find a ‘bargain’. One you have found a bargain you can look to time the purchase but in essence it does not matter when you purchase as long as you are looking to hold the property for a period of time until the drop realised is absorbed and the area returns back to its prior solid position. In this instance, the key is to spot a bargain and wait—timing the make tis irrelevant in this instance.