Australian (ASX) Stock Market Forum

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At the end of the day it is a house, it isnt making any export dollars, it isnt puttiing goods in stores, it does nothing but absorb money.

The banks will get a hit if prices fall below book value, shares will get a hit as people dump their portfolios to save their house, but I think you really dwell on it way too much, life goes on look at the U.S 10 years after the subprime disaster.

We will be but a small speed bump that wont even register on a World scale.

There will be some once in a lifetime bargains though, as it will be one of the once in lifetime events that happen evey 7 to 10 years IMO. Lol


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