As many have said before. There are always reasons NOT to buy property. And sure if you made a decision on investing that is based on what is happening now you would never ever think about buying a property. But property has worked for many over the last 10,20, 30, years.So its odds on that once this passes property will continue to work as an investment.Even if you bought one property that became cashflow neutral so you could hold it at no cost. Come retirement you would have either a nice big slab of cash to spend away or some rent to top up your super. That cant be bad.

As for the argument that there are better investment choices out there. Well im not going to argue that one as i dont know enough to comment. But property is proven to be a winner over the long term. Thats enough for me to go against the what ifs and have a go.

On a side note the old argument that its better to rent that pops up all the time. This would be true( Although its getting close now) if people saved the difference and invested it in other ways. How many people actually do that. Buying a PPOR can be looked at as forced saving and then can be used to buy other properties. This is also a good thing.

In this slump its hard to look at property in a positive light. Believe me i struggle at times when the gloomy boys put foward good arguments that are hard to argue. But i just trust that in time property will continue to work as an investment.It may not but i am atleast going to give it a go as doing nothing means you have a 100% chance of faliure.

Scamp.

You actually have some good information to share. Some is complete s#@t but all can see this while other segments are very usefull. Its the way you put the information across. You come here and DEMAND our attention and proceed to bark at us that what you say WILL 100% HAPPEN.From what i can gather you do not have enough training,expieriance or years on this planet to be so certain. The smartest people in the world can not predict the future. Sure you can cut and past as many news clips and graphs as you want. The thing about graphs is they are either of past events or they are future speculation.Thats it.It has been shown many times over that what is expected to happen does not always happen. Public sentment is the variable that people cant predict. You and many like you bombard these investment sites looking for praise for your predictions.

Were you that little boy at school that tried that little bit too hard to get the gold star of the teacher for correct answers. Are you the friend that cant help but to tell everyone what happens on the movie everyone is watching. Do you predict every sports games finishing score exactly because you know exactly how it will play out.You and people like you are nothing new. Not just on these forums but in everyday life. You are the one who sees negativity in everything and therefore feel drawn to tell anyone positive that they are wrong. Its a strange way to fill your time bit whatever floats your boat i guess.

PS i think you may be right in some areas.
#On average 5 to 25 % value drops across Australia.
#Some larger  due to bad buying in the first place or overheated areas.
#Some big drops due to over optimistic selling prices to start with so not really a drop.
#Some places will plateau due to correct current values and solid fundamentals
# some price rises due to cheap purchase prices and increased demand.
#5 years time a solid upward trend will start again but not a boom.

These are my predictions. Nothing more ,nothing less,Take them or leave them.

Wow they are worried about cows releasing fart gas and they are going to sneak up and tazer them. FAARRK. imagine the gas release then. Woo hoo.

There was a news artical the other day stating they found the fossil of what they believe to be the biggest snake that ever lived. It died off well after the dinasaurs. They also said that due to its size they believe the temperatures were hotter at that time.

I also heard that the ice is melting of greenland. GLOBALWARMING they yell. Well they are happy about it as they can now farm the land like it use to be farmed in the past. It use to be farmed before ???.    So yes things are warming but it has not been proven that this is not part of a bigger cycle.

If my house dropped 50% that would mean after you take out the building cost of a similar house today the land would be worth NEGATIVE $25,000.  It will not happen.  It may in some areas but a 50% drop Australia wide is just a sensationalist comment thrown out to get maximun effect.

What constantly amazes me is the constant remarks that all the investors on here have this blind belief that property will always go up year to year with little or no risk. To those investors that believe this YOU ARE IDIOTS. But my beef is i know of very few if any that think like this.  I am sure the vast majority know that it is almost a 100% certainty that after a boom there is a correction or slump. And many agree that a larger boom runs the risk of a larger slump. This became evident to me very early on as investors with time in the trade behind them quickly told anyone who would listen. This was constantly spread on these and other forums.The only time people stated that you would most likely not loose is when they stated OVER THE LONG TERM. This has not changed.

So now things are correcting or crashing( Depending what camp you are from). Is this really that unexpected. No it is not. This is what many warned us about and the very expierianced stated clearly that while the sun shines you should prepare for the gloomy times. I have done this. Im sure many others have. This is part of property investing. This is part of the CYCLE we all here so much about. What will happen next i dont know. These are uncharted waters we are sailing in now. Does this mean jump ship. No it does not. Every boom ending event befor this came with a long list of reasons why property was dead and it would not recover. Yet here we are time and time again.

So what do we do now. I can not speak for everyone but i myself will continue to believe in property investing for LONG TERM wealth creation. I will continue to protect myself as best i can without running to the hills.Yes there will be blood in the streets for those who overextended.I feel for the people who bought at the absolut peak with 100% loans. But this is not the majority. Many are in alot better position and can handle some down time in the short to medium term.

These are the times we have all been warned about. Not the death of property investing. Only the inevitable down part that comes with such a long run great returns.Like so many warned us about when investing PREPARE FOR THE DOWN TIMES. Why should we now only concentrate on the gloom instead of PREPARING FOR THE NEXT UPTURN.

A slump is not new news. It is not the end of investing. I may be wrong but i think its a safe bet im not.

Thats my rant.

What has that got to do with the price of eggs in Tasmania ?

He wanted to come back and soak up the greatness of his ability to predict a slump after a boom. Who would have thought hey.
Some one give that man a medal.

Fair point. I am not interested in mining towns to be honest. I would want my net wealth to be a bit higher yet before i take on that risky market. I am mainly interested in NSW in or out of the city. The one im chasing now will have a 10% return at purchase and 30% below asking. NSW has had a big correction for some time now. Yes there may be more to come but we sure as hell are not at the peak. I cant speak for other states especially the resource led states but there is a somewhat return to normal prices around my area. Not 2001 prices but sustainable realistic levels.

I remember my grandparents house in Broken hill sold for $30,000 about 8 years back. It was probably the best in the street but they were the last to leave. You could get one in the street for under $20,000. If this happens again. I will consider buying and boarding it up for the next boom. There will be a next boom. Got to get in early but.