1stmilliondollar.net » bust http://1stmilliondollar.net A financial journey to our first million dollar Tue, 04 Jan 2011 00:39:39 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Does House Price Always Go Up? http://1stmilliondollar.net/2010/07/does-house-price-always-go-up/ http://1stmilliondollar.net/2010/07/does-house-price-always-go-up/#comments Wed, 21 Jul 2010 00:33:31 +0000 1stmilliondollar http://1stmilliondollar.net/2010/07/does-house-price-always-go-up/ 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.

Global housing price

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