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Mmmm I think that your situation is slightly different because you already have two investment properties. Well done - these will work for you forever if you decide to keep them. I read somewhere that property gurus (the age newspaper i think) expect bendigo to boom soon. So with that...

But it does show that what is behind these wants and needs isnt necessarily logical. Its a collective consciousness that is making the Aussie NEED for property look a tad over the top.

Alexlee - yes you are correct and that why im happy i have 2 properties!

I reckon the zero sum game is not 100 percent correct. heres why. Financially having a house is better than not.. So although you need to buy back in atleast you have options 1. You can decide not to buy back in and use the money eslewhere ie to rent and then ivest the rest in shares...

Winston you are 100 percent correct. Its a club - its just that this club thinks its different! I would never join a club that would have me as a member (anyway)! Maybe its time to move.

it may be spin but its also true. There is one difference bewteen those who are unhappy with rising prices and those who are not. Home ownership. Sounds obvious but its interesting and shows how emotive the arguements are. How many home owners do you think have replied (in the negative)...

Yeh but I ride to work, have a compost bin and prefer byron over portsea! (I never said i wasnt a hypocrite!)

The interesting thing is that like the greeks and the italians before them many chinese cant afford it in a conventional sense. They just buy! then they live 8 to a house, work two jobs, put the kids through school and the kids help out. Kudos to them for thinking creatively and working...

I just like the greens overall. This is not meant to be a political debate. I am a reluctant voter. I vote green because i am an inner city, cafe latte sipping, highly educated, pseudo intellectual chardonnay socialist. Thats the Green belt if you didnt know. Fitzroy and Northcote have ahigh...

In the 8 years since I have been in the property market I have never seen the level of media and social hysteria as there is right now with regards to property prices. Especially in Melbourne. And poor Ruddy seems to be copping it left right and centre. It is such a huge issue it could bring...