Compared to what?
The fall of the Roman Empire?
The Great Depression which will be renamed "The not so Great Depression?"
Do you EVER get out of your Comfort zone?
As you perceive it of course.
And no matter how highly paid you are, or how educated, it is going to bite a lot of people on the **** who would never have thought it possible at one stage.
I agree its no time for complacency and the ideal is no gearing or minimal gearing.
Beats me that at a time any company with any debt at all, and especially leverage against property, is being absolutely walloped globally, that people with significant borrowings against property are not worried and are actually advocating that as a good thing that others should look at.I agree its no time for complacency and the ideal is no gearing or minimal gearing.
Beats me that at a time any company with any debt at all, and especially leverage against property, is being absolutely walloped globally, that people with significant borrowings against property are not worried and are actually advocating that as a good thing that others should look at.
Surely that should be a warning?
I agree and I hope I'm not being construed as someone that is advocating buying property right now because I'm not.
The other interesting part of this is that the compound growth line in real terms since 1926 is only 3%.
I would like a better return for my long term life savings.
The signs couldn't be clearer.
Sorry dont agree with you.
This isnt the US.
We dont have a massive surplus in property inventory.
We dont have an over supply of rentals.
I havent the time to answer this fully now,but will sometime today.
Go buy the latest Property Investor mag.
Go to the back and have a GOOD look at the actual statistics for AUST.
I never said this was anything like the US, those in the property industry would call this a no brainer, it's coming down how far time will tell.
So I dont agree with you lets just let the market speak or itself over the next 12 months.
Actually, all I did was point out the following was not analysis:Mofra seemed to waste no time denegrating one of my posts so I assume the cat is a bull, anyway I'm not interrsted in arguing with anyone the facts will speak for themselves.
Given you still haven't provided a single piece of evidence or reason for your opinions (perhaps there was a link to article somewhere which was a typical mainstream media piece in any case), then I can't possibly agree with what you post.Yep 23% plus the down dip thats overdue say another 15% let's round it off at say 40% probably a lot more.
Actually, all I did was point out the following was not analysis:
Given you still haven't provided a single piece of evidence or reason for your opinions (perhaps there was a link to article somewhere which was a typical mainstream media piece in any case), then I can't possibly agree with what you post.
Not I either and many more. So who is buying / going to buy the properties on the market now?
I known, the permabulls are hocked to their eyeballs in debt and are looking for anything to support their view no matter how strong evidence is to the contrary. They are completely deluded IMHO, just let them fall into negative equity and relax.For goodness sake this is a forum not a Senate enquiry.
My fear is the perfectly timed entry maybe 15 years away.People can't put their lives on hold forever waiting for the perfectly timed entry.
I'm surprised to see ANZ do that. Like when you have a look at their house price prediction chart I would have thought they would be hiring an extra 3000 staff to handle the massive influx of home loan applications. How does that work?I hope the ANZ has put aside loan provisions for the 3000 employees they are about to show the door:
Mr Burns,
I must say I know many Mr Burns as friends. These types of people have been telling me for >10 years property will crash and it has gone up 800% where they wanted to buy.
So yes a 20% fall is possible but they still can never make up the 780% lost.
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