Buying property
Nobody as yet has mentioned:
1) You got to jail for defaulting on your loan (ie: if you lose your job!).You are also stuck here.
2) The property market is still on a downward spiral.
3) The mortgage rates are generally high and change without notice.
4) Maintenance fees are high and change without notice.
5) Construction standards are at best awful.
6) Contracts are not worth the paper they are written on. The seller changes the conditions at whim.
7) Some properties have an eternal clause where you have to pay the original developer a percentage each time the property is sold.
This is a pessimistic view I know but so many horror stories have been coming out that its funny noone mentioned anything yet. Buy if you like but caveat emptor!!