I could have evaluated an out -
house at a higher valuation than a dog motel due to the lack of any controls over what subjective values I wanted to place on the differences between the so - called comparables.
Not exact matches
I am happy to hold cash in a
high interest savings account and wait for opportunities back in the
housing market or invest in the stock market
at more appropriate
valuations.
But unless one expects a reprise of that bubble, or
at least a reprise of the sort of enthusiasm we saw during the
housing bubble (when
valuations ascended
high enough to drive 10 - year prospective returns below 3 % annually), the odds of sustained durable gains from present levels are weak.
No. 3: Property
valuation problems, such as signing up for a
house at a price
higher than the actual market value.