Yes I agree,

This is what the unsophisticated investor is not seeing … we are living in a 90 year financial credit crisis crunch that will change the way we borrow and spend money.

BANKS are cutting back every where on businesses and commercial lending, they are pulling out folks read the papers.

Yes buy little cash flow positive properties or little shitters because that is where the money is.

Look at the number of quality builders going to the wall … we will neot feel this effect for another 6 months yet …

IF the market miraculously fixed itself tomorrow and properties went up 30% … where are you going to get the money and who are the buyers … CHINESE and other overseas nations are flooding our shores and buying the best properties at bargain prices …

10 years from now where do you see Australia … In fact the whole globe is changing so fast its hard to keep up with it.

This problem started with Nixon and it's not over yet … if you are aged between 18 – 28 your next 10 years will be very interesting.

The gurus are still preaching "its the bottom" or "the boom is near" if you believe these people god help you.

As a suggestion whatever they say get them to put it in writing and personally guarantee their financial advise because that's what they are giving you "unlicensed financial advise"

D

Hi digger and oh dear i've done it again,

You read the papers yesterday and then today the story is different … so read more papers and not just Australian papers in the credit crisis.

Like him or not I tend to believe Harry Dents report that it is not over for Australia which is behind the world trends and his prediction is a drop between 35 – 55% … 55 I don't think so but 35 it can happen.

Inflation means higher interest rates and RISING prices and the lower end of the market cannot afford that – our own sub prime ? hhmmm is that probable I don't know but lets wait and see.

Ring McGrath real estate in Hunters Hill (top 5 best suburbs in Sydney) and go see the top end there around 4 – 7 million dollars now selling for around 40% off with no takers IT IS NOT rising it is still falling, the same as the Eastern side of pacific highway on the north shore and suburbs like Mosman – walk the streets and talk to real people not the papers who extract small amounts of news then rewrite their story a week later. One sells for a great price then all the news says that the recovery is back … c..p you need more than one to substantiate that prices are rising again.

Meriton, Australand, Stocklands, Mirvac and many more great companies are down on their figures why is that digger? … 20% of Australias population (baby boomers) start to retire in 2010 (5 million people digger) Banks are making it harder to get money, interest rates will rise fast over the next 18 months as said by our Mr Kevin Rudd who also said the worst is not over …. hhmmm what does he know that we don't … cost of living has gone through the roof go ask your mother how much she spends just to have a roof over your head and feed you each week … unemployment figures are getting worse hhmmm what does that mean to pricing and getting credit …. credit debt in Australia has hit 50 billion dollars the worst per head of population in the world … is this doom and gloom NO it's research and getting a true understanding to what is happening so I can make a better diecission about my future and giving advise to my clients which I am licensed to do.

If u knew me you would say what a positive and optimistic person but when you read text it's a different picture digger, I have many battle scars some wins and some losses and thast equals experience … I appreciate your comments very much I really do and I will pick up my act and be more accurate … 

I would say that more than 80% of the gurus are not real millionaires and have no formal qualifications to give financial advise that's why TDFT are going through sprookers web sites of people who are not licensed giving advise on INVESTMENTS.

Is my prediction of 80% too high in my property performance hhmmm possibly … how many people are losing their homes and how many have negative equity still – ha they said that would never happen as well digger but it did and it will happen again soon with the first home owners when interest rates rise and petrol hits $1.50 a litre

I know 3 valuation companies who refuse to value first home owners homes because they believe they are 20% over priced, is that true and and are they correct lets wait and see, thats why the banks want savings history digger to make sure when the s..t hits the fan their lenders are a higher class of person than the USA sub primer, did you know or understand that one?. Did you read the FREE copy of the conspiracy of the rich by Robert Kiyoski?

Digger when the FHG is over what will happen to the building industry … do you understand how many good developers are going to the wall because the banks won't lend them money unless they have 90% pre sales ?? … yes demand is high but at what cost … Castle Hill (good average) in Sydney is hot around 400 – 600k but everything else is struggling UNLESS it is really good and that is where the bargins are … me got money this my offer you take or me go.

I'm old fashioned digger I believe a good real estate ASSET (not a liability) comes with walk rail, train, bus, Westfield, hospital, schools, childcare, medical, etc etc not speculating in country towns that if the sole industry closes so will you … look at the effect of some of the towns in USA where GM has pulled out … been there done that and not again … not all real estate doubles every 10 years.

D  gosh I feel good today living in Sunny Sydney with my office view of the harbour bridge, i'm grateful, have a wonderful day.