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    Huge article from Steve Keen on why prices are going to crash

    yeah that's fine - not sure if I have really made my point that clear. I think what I am trying to say is, you can't bid the price of something up if you have no money. You contend the market will think of something... I am not sure of that, I think they have gone beyond breaking point already...
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    Huge article from Steve Keen on why prices are going to crash

    i'm all for capitalism but really more debt is not the answer (apart from the fact it simply isn't available). People mention intergenerational loans... well an IO loan is an eternal debt until you reduce some capital, not sure how much more intergenerational you can get
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    Huge article from Steve Keen on why prices are going to crash

    yes but then in economics 102 they go on to say that prices can't rise without the ability to pay. goes back to my belief that demand for housign will increase but the ability to buy willbe crimped. Rents will therefore be driven up. If owners of IPs refuse to charge the correct level of rent...
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    Huge article from Steve Keen on why prices are going to crash

    with melbourne gone nuts have the beachside areas picke dup at all? not sure of that part of the world but Portsea is a beachside holiday destination?
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    Huge article from Steve Keen on why prices are going to crash

    WOW that's huge. underscores holding property in each state.
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    Huge article from Steve Keen on why prices are going to crash

    ha ha... is it zoned for 4 units? not sure...but look at all the room, it's big enough for it!!
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    Huge article from Steve Keen on why prices are going to crash

    4 stooge banks that act in unison and are held harmless and are propped up by the government. what chance do you stand? just pumping up the bottom line because they can (all competition blown away or bought out). where's this property boom? is it melbourne? anywhere else?
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    Huge article from Steve Keen on why prices are going to crash

    ooh that is interesting. I was almost begging for them to come to the party last year.
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    Huge article from Steve Keen on why prices are going to crash

    yeh some markets are great. Once again, all depends which markets and where. I have made good returns in karratha... resources states still lingering tho. Seems Melb is going for a run for some reason and if resources dont hold up I would expect the baby and the bath water to be chucked out in a...
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    Huge article from Steve Keen on why prices are going to crash

    I hear you MTR! if you want average returns, buy an index tracker. I think the debate is fuelled because you were saying how great you were doing and then everyone else says well hey the market aint that great and then it gets down to which market where and really it's irrelevant to your...
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    Huge article from Steve Keen on why prices are going to crash

    willair do you think it's 9pm? could easier money really be that close? seems hard to believe huh? always the darkest before dawn (actually that's a dumb expression - because it's not)
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    Huge article from Steve Keen on why prices are going to crash

    need or want? they can do what they like, they control the market.
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