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  1. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    Interesting. Thanks for sharing. Question - is this regional, holiday, outer suburb, inner suburb, CBD? Median priced?
  2. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    One of Bill's reasons for his crash is that he believes many people will move in together. Whilst I do agree we have a large number of empty rooms, I can't see Australians doing this to the same extent as say Chinese people do currently (for those who don't know Bill has a Chinese background)...
  3. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    I think he means you have to 'produce' your own growth via value adding. Either that or we all have to do some work to produce stuff, rather than just make money out of nothing.
  4. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    My argument to Bills statement is that banks are in the business of lending money, and given Australia has a good track record that this would continue to happen for at least a for a while. I haven't done the maths but I thought it would be more than a year.
  5. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    Glad you are all enjoying it. Make sure to check out the full version as it has a good set of graphs. I thought it was very interesting too. It was John Fitzgerald that first introduced to me that the ones who control property prices are banks through the amount of lending they provide. This...
  6. DavidMc

    Bill Zheng newsletter - lack of global credit to cause price crash.

    Bill Zheng has just sent out a very interesting article on his take on the property market. Here is an extract: Link to the full article together with some great graphs - http://info.investorsdirect.com.au/rp//417/process.clsp?EmailId=90277&Token=22C7F6FA04E711D7F179C33A2B178E98E (I...
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