There are, though, four very basic “rules” you should follow as an investor – and now you know about the cycle, it should be easier for you to do so: Don’t panic and sell a property just because prices are falling. Thanks to the cycle, you know that prices won’t go to zero and it won’t be that long (in the great scheme of things) until they’re back beyond where they were. Don’t put yourself in a position where you’re forced to sell at the wrong point in the cycle. This is the most important point of all, and I’m dedicating an entire chapter to it next. Don’t get carried away (like everyone
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