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I thought they drank a lot of tea?

Hehe, you're alright NR. I agree with some of what you say, I just don't think it will be as bad as you think ;)

What forum?!? This one! Yes, nonrecourse is a bit repetitive, but guys like Token Funder are a consistently good read, and never repetitive.

Huh? :confused: Anyway, the similarities have been emphasised countless times. I guess bears can't be bothered with repeating themselves ad nauseum as you do.

Plenty to add. I'd like to know which forum I should go back to. The only property related one I post on is here.

If this March quarter is negative then technically Australia will have entered recession last year.

Australia's growth just fell. Another pillar down.

That's a bit harsh. I think HE was being tongue in cheek! ;)

Your first half aren't holding up and your second half are countervailing forces. Better stick to stalking, mate. You're better at it.

"Minutiae to save housing market!"

The next move is definitely up for mortgage rates.

I suppose he might feel a bit nervous given that there are weirdo stalkers on this board.

Neither was I! :D But the world went through ups and downs and didn't truly return to full confidence until the 50s.

There was even an economic downturn until about 1948 because of all the spare post-war capacity. It generally took a major baby boom to get things going properly again.

Mentioning Peter Koulizos as having 'knowledge, experience and credibility' does Ryder no favours.

Did you bookmark it? ;)

Perhaps it's time for you all to forget subprime for a second and realise that it is bigger than that. (By the way, we may not have as much 'subprime' as the US, but we also don't have any prime)

Haha mate. You can't roll your eyes at that rubbish when you use it every damn time.

FHB interest is insane, but anything higher is dead. If you live in an FHB type property that you have paid off and are looking to upgrade this is a once in a lifetime opportunity IMO.

It's the only thing he has left.