Reporting that experience from that time does not logically translate into my being 'a property bull'. I would absolutely not be buying property as an investment at present because capital gains are far from assured and the yield is pathetic, at least in the area where I live.
What? Where have I advocated going into property and/or getting into debt?
I have done nothing of the sort. Perhaps you could explain the source of your conclusion about what I am advocating?
My apologies, I got ahead of myself and assumed you were a bull due to your support of Beej's comment on how as long as the price of property keeps rising your better off buying sooner rather than later.
To reiterate my stance, I wouldn't recommend anyone buy a property now, sell a property now or stay out of the market, in the end you need to make your own decisions.
I can only say that in my view house prices don't look sustainable, so I myself wouldn't be buying. On the otherhand beej has brought to light for me the problem of inflation and there exists a high possibility of the government inflating all our debts away. So if you don't get in now you won't benefit from your debt decreasing significantly in real terms due to inflation. In the end everyone needs to make their own decisions.