Like anything else, real estate has its share of myths. These myths usually arise due to greed or because of the bragging rights of people who have achieved some success with property, in the property investment market. They always involve stories of enormous fortunes made through property.
Perhaps the biggest myth is that you cannot lose in real estate. This is not correct as you all know. There are plenty of people that have bought into real estate when the market was at the top and because of economic conditions or a downturn, or even the influence of difficult times in the US or other overseas countries, they find themselves in a situation where the demand dries up and they are forced to sell at a “fire sale” price just to get the return of their invested capital.
Many people of course have made fortunes from following some of these myths, but the truth is, probably a lot of people have lost in real estate (mainly the small, new investors with little knowledge of property) than have made fortunes. The myth that real estate always rises in price and that the returns are therefore guaranteed in some way is incorrect.

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