1. It depends on your needs. Once you have family and need your own place to live, you have to think about your own residence. There are times when house may not be your priority or you may already have one. In that case you are right! Don't invest in property. I used the same logic in mid 90s, when property prices were nearly flat and it wasn't my priority. 2. From time to time, properties will go through boom and correction. But, I don't see anyway for it to crash! Don't believe in speculated prices. But also don't believe in "all doomed" theory. With continuing growth in India and shortage of houses for people, house price crash is just not possible. Slowdown and corrections happen only after some sharp increase.