A quick intro
If you want to see the dangers of overpaying for real estate, you've come to the right place and you've definitely come to the right place if you're a Tasmanian. You're in the market for a house, but you're looking to set yourself apart. You can taste the newly acquired status, showing off to friends, proudly telling co-workers where you've just bought. It's a seductive mix, but stop and think when that real estate agent whispers in your ear, trying to press your real estate arousal buttons: - open plan, alfresco dining; - can't go wrong with property; - granite counter tops; - get in now before you miss out forever; - property only goes up *Cough* what? Sure, thanks to a massive credit expansion over the last 10 years there's been some amazing gains in property, but how long can that continue? Because those who bought in the past two years - the last ones to the party - have really gotten ahead of themselves - that 500k house on the North-West coas...