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I thought he did.

I'm sure there was the guy on Tuesday October 29th, 1929 who was running around saying what extraordinary opportunites the unfolding crash would present for property investors. Now, I still think we're looking a global recession rather than a complete implosion but...

If you extrapolate current trends forward but now argue they can't go on indefinitely, aren't you simply saying the trends aren't sustainanable but don't know when they will cease? Unless of course you have a basis for formulating a time for the end of the "cycle" (a phrase I consider a...

Not drying up...tightening up...not the same thing. All banks (I am not overstating this) have moved down the credit curve. In some instances it's fairly obvious...fewer discounts for Lo Doc, lowering LVRs, No Doc becoming harder to get, mortgage insurers getting more conservative, giving...

They are equally dependant of the capacity of the aspirant to purchase. My point being that a suggestion the price of RE is not materially impacted by the cost and availability of credit is incorrect. If every lender in Australia pulled the plug tomorrow, prices would drop like a stone...

No..but as I explain to my 4 year old son at the toy store, his "demand" is irrelevant unless he has the is money to purchase. Doesn't matter how many people in Punchbowl want a Ferrari....they won't be building a dealership there soon.