Real Estate Part xxx

In this market of booming real estate, I would say that the high selling prices only benefits if you have other properties other than the one you are staying now. If you have only one house, even if you sell it at a high price, you will buy at a high price for a similar property, unless you are willing to downgrade to a smaller unit. Even then the high selling price means that you are buying at a peak.

The question is how do you know when is the peak and when is the bottom? That is the game of real estate.