What are the dangers of investing in regional areas as opposed to city markets? Steve Hogarty is taking the WOD wheel again to explain why we don’t advocate investing in regional areas.
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Blindly accepting that prices will double every 7 to 10 years leads people to make grave mistakes with their investments. Nobody has a crystal ball that tells them the exact dollar value of a property 10 years from now, but that doesn’t mean that smart investors can’t establish reasonable grounds for predicting the direction and strength of market movements in the short to medium term.
