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Reply: 2.1.1 From: Les . G'day Dirk, I remember that time - I heard of $150k units settling four times on the one day. First buyer bought for $150k, on-sold for $220k, 2nd buyer onsold for $300k to buyer #3, and buyer #4 bought for $450k. 6 months later, prices were back down to $160k It...

Reply: 2 From: Les . G'day Dale, Thanks for posting that one - it is half-a-gem - it would have been a real gem, except I believe Noel dropped the ball !!! He makes some really good points about 30 year loans vs 10 year loans. It is pretty well-known that it will take the first 22 years...