I couldn`t care less if you were bull, bear or millionaire. Firstly, mortgage has a t in it. Secondly, and for the last time..... You are talking about looking at buying at international city now, or in the recent past. You looked at it, assesed it, and found the figures didnt stack up, which i wouldnt argue with. But you are imposing your analysis on those of us who bought TWO years ago. For us it is cash flow positive, as i assume your London portfolio is. So lets get this straight...... im cash flow pos, my property has done nothing but rise in value, it is still intrinsically cheap in comparison to the average dubai house price, and ive got a guy in London with a London portfolio telling me its time to leave because its near the top... i mean seriously that is whats known as hypocricy! Use your own analysis of Dubai on London. I dont disagree with your advice to warn investors NOW looking at int city, but dont impose your argument on those of us who are sitting pretty, when you`re in exactly the same boat with your london property yourself, if not worse. Im not trying to score points with anyone and my initial post wasnt directed at you in any way. It was aimed at all the negative comments in regard to int city, when most of the people who bought in the last few years are sitting pretty both in terms of yield AND capital gains. Bearing in mind i assume that this is the case for most people on this forum since it is a forum for international city investors and residents. If you suggest WE get rid of our investments when you are in exactly the same boat yourself, then forgive me if i choose to ignore you, and tell others in the same boat as me to ignore you. If you were directing your points to those THINKING about buying, then i dont disagree with you.
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