When I was kid, my mom always told me to invest in real estate. Why? She said that the number of people is always increasing; while the land is not. It means that the house price will always go up. Well, we live in Indonesia, a developing country; so population was (and is still) growing.
Now, we realized that it is not true that house price will always go up. The Big Picture has shown a chart of global housing price. It compares housing price in a couple of countries from 1997 – 2008.
As you can see in the picture below, Germany and Japan has been experiencing decline in house price in the last 10 years or so. To me, it is really scary.
