Owen Raskovich

The second thing is demand.

Now, I'm going to attach a little graphic to this podcast, and I really encourage you to take a look at it.

And it's particularly for first homeowners.

And I did this graphic along with our designer, Sophie.

We created this graphic quite a few years ago, and we've since included it in our free money basics course, our A to Z financial independence, which, by the way, you should enroll in because we're trying to get a thousand students into it.

But basically this chart shows that even though property prices tend to go up over a very long period of time, if you got a line and drew it straight through the middle of all the data, what you would find is that there's a gentle, gradual increase in that line.

And that shows you that over time, prices of property tend to increase.

And the point is that that's the gradual trend, right?

But sometimes prices will be above that line.

Sometimes prices will be below that line.

But if you're an investor and you're looking 6, 10, 15, 20 years into the future, what you should be focusing is that line, that smooth, straight line that kind of goes up over time.

Not the one that, I guess, bounds and falls and peaks and troughs.

over and under that line over time that's the that one that peaks and troughs that's the one you see in the media the other one which no one wants to show you because it doesn't gel well with the the news headline is that prices will increase over a very long period of time you just got to zoom out a bit but if you're a first home buyer or you're someone who is now buying property

This is the time when those prices might be below that trend line.

And what that tells you is that maybe now is a good time to buy.

Conversely, maybe six months, maybe a year ago, maybe 2007 is another good example.

Maybe 2007 was not a good time to buy because maybe we were above that trend line.

Of course, we don't know what's going to happen in the next six months.

That's why we call them forecasts and models.

They're not real life.