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“Keynesian endpoint” What an interesting concept, but that is a good term. Keynesians are out of ammo. I try and work out whether there is a safe place and if Australia is in it. There will be a lot of collateral damage and really don't know if our banks and resource companies are strong...

Is this the bit you don't like? "This may not be a great example of an investment to most on here but to the average punter who blows all the spare cash they have, This would be a good forced saving system for their retirement/kids schooling or anything else". If that's the best you can say...

Yes I did see it coming. If you care to check the posts of "Thommo" you can confirm this. I was also talking about peak oil ( "Aceyducey" was warning us too) in '05. Allied to peak oil I predicted the "resources super cycle" with a special mention of uranium and gold/silver as standouts...

You are not qualified to give advice. There is no surer way to get people's back up than to give gratuitous advice. Give an opinion by all means when someone asks, but I have not asked.

Are you suggesting I live in poverty for a decade paying half my pension into a neg geared prop on the grounds that "Someday I'll be rich!!!!!"? You guys are like Jehova's Witnesses. You try to tell people twice your age what to believe. :mad:

This is 2010 for god's sake. :eek:

Devo I am on record here saying that there would be a crash late in the decade as early as '04. If you didn't see it coming, why do you feel qualified to give me financial advice? Two questions have been asked and I answered them. I do not recall asking for advice. Rule one before you give...

Do you really think that is impossible? It sounds as if you do. But to the question: There is almost no chance of a rise, in Townsville (no point telling me about Melbourne), probable scenario is 5 to 10% drop with a real possibility of more than 20. So I answered bene313's question. I'll...

One of my IPs is for sale now, the first opportunity I've had, and another will come out of lease in a few months and I've arranged to meet an RE there on Wed. I'm not selling my house, of course. (Unless someone makes an offer I can't refuse. LOL)

On AVERAGE that's what you do. That's what you advocate here when you are a property bull singing the praises of the investment. You can always find a market somewhere that is booming. This might be OK for a share trader because they can move in and out of sectors easily. It is devilishly...

Not directly. I was asking if you (collectively) even knew where America was going. I did and I knew that the borrowing frenzy would collapse. I didn't realise that Britain and Europe were as vulnerable as they were though and I certainly did not escape unscathed. I don't intend to be...

A general question for the bulls: Did you see the GFC coming and did you recognise the US property bubble for what it was? If you didn't, why do you think you are better informed now?

That's my reaction every time someone says property doubles every seven years or that debt magically "inflates away". GIGO indeed!

A point I have often made myself. Add to that the "equal wage" legislation which gave women more money, the "anti-discrimination act" which allowed them to keep their job after marriage (it wasn't always so), the subsequent rapidly rising number of double income housholds and the "middle class...

No it's not going to change, but that "shift" has already occurred. It has pushed the price, once. To maintain the "momentum" of price appreciation you need to find "new" free money in the punters' pockets. I don't see it.

OK But can I say that the idea of a united Europe is a contradiction in terms? I have bagged the US as loudly as any but as illogical as it seems to us, that is where scared money goes to hide.

You may be right but the Euro will fail before then. Germany and France can stand on their own and so will other sound economies such as the Aus and Can. Note: I am not saying France is a strong economy, but that the weaker ones will be eaten first.

No point in buying for yield if the underlying equity loses 10 years' of dividends in a "correction".