buy a house or just invest in managed funds

who knows?
Logically we are in a great position
It doesnt look like we are out of keeping with earnings
BHPs a great stock and I hold some
I cant pick the top before it drops and dont try to speculate too much like betting my house on it

It's a bit like picking the top in the housing boom, many people said it was reached 3 years before it happened and missed many opertunities.

You can think the market has peaked, but only once it has become history you are proven right or wrong.

I do like the idea of owning a house and converting the debt into good debt along the way.

If you see property as a long term investment then there are no tops, just cycles which reach new highs.

long term to me is 20 years + and that is what I invest for these days. With age comes patience. 20 years ago I didn't even know if I would still e alive today let alone be mindful of a financial plan to take me through to retirement. I wish I had thought different..