The Property Academy Podcast I bought a house at the peak of the market - Now what?⎥Ep. 2000
4 snips
Mar 3, 2025 They unpack what happens when you bought property at the market peak and now feel stuck. They explore whether selling to cut losses makes sense and why holding could preserve recovery chances. Simulations and long‑term market data get discussed. Emotional strain and timing mistakes are examined, plus strategies to extend your investment runway.
AI Snips
Chapters
Transcript
Episode notes
Bought At Peak, Now Down $125k
- An investor bought an Auckland property for about $1,000,000 three years ago and now it is worth $875,000.
- He feels stuck, is topping up mortgage payments, and is considering selling at a loss after listening to the podcast.
Avoid Selling To Cut Losses
- Do not crystallize losses by selling now if you can hold long term.
- Hold the asset because selling now makes those paper losses real and eliminates the chance of future recovery.
Bad Forecasts, Understandable Mistakes
- Forecasts in 2021 did not predict the sharp house-price declines that followed because inflation proved stickier than expected.
- You shouldn't beat yourself up for buying then since available forecasts didn't show the steep downturn.