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Property has proven to appreciate over the longer term. Even during the 1997 financial crisis, the property market took about 2 years to stabilize. After all, correction in the property market is not exactly a bad thing. Looking back the previous crisis, after property prices dropped, it later went on to reach a new heights after recovery. So, it is better to buy properties than keeping cash in banks, as real estate is never short-term.
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December 13, 2008
PEN Properties
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