There is no rational reason to expect property to always be a good investment and, as with shares, what matters most is the starting point. The reason shares have been a disappointment over the past decade is that they started out very expensive. It has taken 10 years for a combination of earnings growth and price falls to make them now rather cheap. I expect a similar process to unfold with residential property, especially as the end of the buy-to-let game sees a steady drip-feed of unwanted property investments into the market. I will continue to take talk of turning tides and missed boats with a large pinch of salt.