Tuesday, December 4, 2007
When ‘long-term buy’ means ‘sell right now’
"Commercial property groups, who can no longer deny that prices are falling, are mumbling a great deal recently about how commercial property is a great “long-term investment”. Buy-to-let snake-oil salesmen are saying pretty much the same thing. But as we all know, a ‘solid’ long-term investment is just a short-term investment that’s gone wrong."