Bloody hell. Stop with the idol references. I hate that bloody show. And as for your description above  of peoples views.Its identical to yours except a complete 180 degree spin on it. Honestly have a look at what you have said. Similar argument for a opposing view.A reaction to market conditions is acceptable for you but not for others. How does that work. And dont worry about the information that i recieve. Travelling frequently places me right in the thick of many high profile people. I am not saying i am one of them . Far from it.But they rely heavily on me for some of there success. These people part much of there wisdom on to me.This has really only happened over the last year as i move up the food chain. They have seen it all. The good the bad and the ugly. And even in this current climate absolutely NONE of them talk like you.I could preach what i have learnt from them but sorry that was one of there no no rules. Share with like minded people you can learn from. Forget the people who always have a reason for doing nothing.

Idol. Stuff that. Im going to watch the simpsons. Much more relevent to todays  events.

No not at all. Just showing i can throw in big numbers for dramatic effect too. Ready. 60% no wait 100%. Wow this is easy.

As much as i dont want to hear your comments sometimes. Its very hard to disagree.

I agree. Apparently earlier ice ages started with a warm up. the warming affected ocean currents and this brought on a ice age in the norther areas. Australia should be fine. This means with everyone leaving the freezing s@#t holes to the north. We will experiance massive immigration. Up go house values YEAH YEAH. Might take a while though.

Wow. We have a good pissing contest going on here.

True. These are facts. But what happens next is just your opinion. Everyone can throw some facts together to support there opinions. This is evident in most posts these days both for and against property. The thing that cant be worked out is how the Australian people will react. Sure in one way we are like sheep. But many choices we make are not always based one mathamatical probability. Some times we shoot from the hip,listen to news,go with the heart or just pick the lazy option. Every major event that has happened before also provided people with information that led them to believe that it will get worse or things would never recover. But they did. This will happen this time also. Things will recover and probably quicker than most realise. We seem to have short memories when it comes to history.

I for one do not doubt your facts. I do doubt your belief of what effects these will have and how long it will last.
Unfortunately it will take a long time for either of us to be wrong or right. And by that time there will be a new world event to threaten us. The credit bubble will be nothing but old news.

If your are genuinley sick of being labeled a gloomist then maybe its time to hang your hat and stop posting on a PROPERTY INVESTING FORUM. But somehow i believe you will stick around as i think you actually feed of being the underdog. Whatever floats your boat in the end. Its still a free world ( For now)

Many references are made stating that Australian house prices will follow Americas. But will they stay that low? Even with a reduced axcess to credit. When America enjoys better times this will flow through to there housing market with improved prices. The historic lows they are expieriancing will not last forever. This can be said for Australia too. Bad times may bring dropping house prices but they will pass and house prices will recover.Too much emphasis is put on the absolute bottom and not much on any recovery thereafter.

I have a $54,000 investment property loan secured to my PPOR. When i applied for a LOC against my PPOR which currently has around $200,000 available equity. They  removed the portion that is already used as security. This lowered my available LOC by $54,000. This is something that was not explained to me at the time but know i know.

Whatever. It will pass.

Your spot on. I contribute over there as well. GHPC has opened my eyes a long time ago but but it goes to far some times. This is clearly evident in there posts or avatars. Many have a deep seeded hatred of investors and they constantly attack them in every post. This is a clear indication that you will rarely get a balanced argument.