Link: Mortgage Meltdown
Because it is tangible, many people have the impression that property is a safe investment. Also, the recent property boom suggests to many people that property will continue to go up forever and that they need to get in fast to ride the wave and cash in. The ABC's Mortgage Meltdown shows that things are not so rosy. The boom in international property has been described by The Economist as "the biggest bubble in history." The lesson to be learned is to be conservative. Don't gear too much and diversify into other asset classes like domestic shares, international shares, emerging markets, etc.
Image: Jory'z Shotz