Forum Replies Created
- JacM wrote:joeandchels wrote:There is no secret that property prices are at a all time high, in my opinion we will probably see a crash in prices in the following years as did other countries have following a "bubble".
Doom! Gloom! Doom! Gloom!
Seriously, not sure why this concept keeps coming up. Property is a supply and demand thing. Demand continues to go up because we humans continue to increase the population by means of breeding and immigration. Unless the immigration stops and the breeding reduces such that the population goes backwards, housing is going to be required in an increasing supply.
When will we hear something different from a property bull?
That's the answer! Borrow more… moooooooore! Equity mate! Houses ALWAYS go up. Never mind your technically ridiculous market entry point.
Isn't it strange how middle class are the ones who usually get screwed over. Smart money ain't in property at the moment. Unless you're cleaning up in the USA.
Period.
DWolfe wrote:Well, the big development companies have made buckets. AV Jennings and Stockland have made a giant profit.Bubble? Pop? Where?
D
More specifically, when?
Having mainly traded shares, I'm kind of new to property. I don't own a house but I have been researching it for at least 5 years now (It is one the biggest decisions one can make). I've come across many characters in the game; friends that have made a lot, and friends that hope to make a lot. It seems everyone is a property expert because they went to X seminars of have X properties, or parted with potentially large amounts of money to hear someone's 'expert' advice.
I have been to some of these seminars, I have friends that run them. From 2000 they have said the same things. They're becoming more desperate to attract new "investors" to their game than ever, and the majority that have made their bucks would have less to fear. There just seems to be an increasing sense of desperation from everyone, banks, "investor clubs", real estate agents and the media to keep this unsustainable machine ticking over.
All in all, I must say that there is overwhelming evidence to support the outcome of a downturn. Any evidence I've come across suggesting otherwise is usually pushed in my face as a "selling point" or "reason to buy". I'm in the medical profession and a lot of the time you make evidenced based decisions, these almost become 'gut feelings'.
This gut feeling isn't good.
