There are many reasons not to invest or own assets that increase in value.
Around every corner, there is an “expert” who tells you why you should not invest in real estate at this time. Often the well-meaning expert is your next door neighbour or co-worker.
Canterbury can tell you this with certainty. For all 42 years we have been in business, experts in all shapes and sizes have relentlessly and consistently told us the time is not right to invest in property. What we have observed in retrospect is that when everybody was telling us the time was wrong…….it was right.
Here are just a few reasons not to invest.
- 1934 Depression
- 1935 Spanish civil War
- 1936 Economy Still Struggling
- 1937 Recession
- 1938 War Clouds Gather
- 1939 War in Europe
- 1940 France Falls
- 1941 Pearl Harbour
- 1942 Wartime Price Controls
- 1943 Industry Mobilizes
- 1944 Consumer Goods Shortages
- 1945 Post-war Recession Predicted
- 1946 Dow Tops 200 – Market Too High
- 1947 Cold War Begins;
- 1948 Berlin Blockade
- 1949 Russia Explodes A-Bomb
- 1950 Korean War;
- 1951 Excess Profits Tax
- 1952 US Seizes Steel Mills
- 1953 Russia Explodes H-Bomb
- 1954 Dow Tops 300 – Market Too High
- 1955 Eisenhower Illness
- 1956 Suez Crisis
- 1957 Russia Launches Sputnik
- 1958 Recession
- 1959 Castro Seizes Power in Cuba
- 1960 Russia Downs U-2 Plane
- 1961 Berlin Wall Erected
- 1962 Cuban Missile Crisis
- 1963 Kennedy Assassinated
- 1964 Gulf of Tonkin
- 1965 Civil Rights Marches
- 1966 Vietnam War Escalates
- 1967 Newark Race Riots
- 1968 USS Pueblo Seized;
- 1969 Money Tightens – Markets Fall
- 1970 Cambodia Invaded – Vietnam War Spreads
- 1971 Wage Price Freeze
- 1972 Largest U.S. Trade Deficit Ever
- 1973 Energy Crisis
- 1974 Steepest Market Drop in Four Decades
- 1975 Clouded Economic Prospects
- 1976 Economic Recovery Slows
- 1977 Market Slumps
- 1978 Interest Rates Rise
- 1979 Oil Prices Skyrocket
- 1980 Interest Rates at All-Time High
- 1981 Steep Recession Begins
- 1982 Worst Recession in 40 Years
- 1983 Market Hits New Highs
- 1984 Record Federal Deficits
- 1985 Economic Growth Slows
- 1986 Dow Nears 2000
- 1987 Record Setting Market Decline
- 1988 Election Year
- 1989 October Mini-Crash
- 1990 Persian Gulf Crisis
- 1991 Communism Tumbles with the Berlin Wall
- 1992 Global Recession
- 1993 Health Care Reform
- 1994 Fed Raises Interest Rates SIX Times
- 1995 Dow Tops 5000
- 1996 Dow Tops 6000
- 1997 Hong Kong reverts to China
- 1998 Asian Economic ‘Flu’
- 1999 NASDAQ High Tech Index doubles in a year
- 2000 Tech stocks crash
We could spend the time to update the list, but what would be the point. Everyone understands.
Does that list worry you? It has certainly never worried us. The value of our assets continue to relentlessly go onwards and upwards over time.