[Golfingworld]

You are only losing money if you sell something and if you don't sell it you haven't lost money! You don't go to a restaurant for steak and chips, pay £15 then when you see it allegedly on offer at £12 next week say "I lost money on that steak and chips"!

In other words you pay to enjoy something, you don't go back every week and check the menu to see if last weeks steak has gone up or down do you!

This is the whole point of my criticism of the hype....all these off plan sellers are claiming investment gains or profits and the only way to convince their "investors" that their claims are correct is to keep increasing the prices. This is fine when there is demand, but whenthere isn't it creates a false and precarious market.....anyone own an inner city "buy to let" apartment in the UK? You'll know exactly what I mean!

The reality is that 2nd home property or whatever you choose to call it, which is pre-paid in instalments prior to completion is sold entirely on "capital gain" or "by the time you move in it will have increased in price". Nobody sells forward on the basis that there will be losses..otherwise, why buy forward? What this industry has done is buck economics and thousands have jumped on the bandwagon thinking there is easy money to be made. Well Banks worldwide found out the hard way, so did many owners either in Michigan, Malaga or Marrakesh that what goes up might come down! And if it comes down, you'd have been better off waiting and buying one of those!