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The first thing that will happen is I will vote this sad excuse of a government out of office and obliterate the independents from the political arena for eternity.

Good points well said. I've always told people - in boom times, crap goes up along with good stuff. But in bad times, crap comes crashing back to reality - ie the toilet. Check out the country called Greece for an example of crap and it crashing back to reality

FHB areas are definitely most prone to be hit. Was just reading an American article on property. Places like Phoenix etc have fallen 50% plus. Manhattan condos have fallen around 10%. There's a reason for that, just as i've always been saying when the downturn comes (and it is probably in...

Wonder if banks lend to it. Might have to get "dai yiii loooong"

I must say I appreciate negative comments too. After all if investors can't stomach criticisms - whatever their tone/nature/motivation - then that's all a bit hypocritical.

Are you investing in cages on our visit next month?

It's got everything to do with voting ALP and Greens. The Howard Government got tough on dole-bludgers, should I remind you? The only people supporting more and more welfare are left-wing political parties. After all, unions = centrelink = same thing. Frankly it doesn't even matter any...

Yes apparently house prices are 40% overvalued too according to the Economist and Morgan Stanley.