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There can be more than one reason for an exit strategy. I misunderstood PaulF's context, which is understandable given that he was responding to a chain of posts relating to excessive levels of private debt. No need for the 'pile on' :D

If everyone's exit strategy involves selling some property, what do you think that does to prices if everyone tries to do it at once? Just because you have savings as a buffer in your offset account doesn't mean that others who have overextended themselves with large loans have the same... and...

see_change is right in this case, discussion is off topic for the thread, you're welcome to continue here where I've responded to this post: http://somersoft.com/forums/showthread.php?t=101322

Net of what? Public debt is relatively low in comparison: http://2.static.australianindependentbusinessmedia.com.au/sites/default/files/styles/full_width/public/Keen2.png

I think there's skill to picking the right locations for each cycle, but it's unlikely the next 50 years will replicate the last 50 (as far as property price growth goes). Unless property investors expect private debt to double relative to GDP (300%)?

see_change's anecdotal evidence indicator: http://somersoft.com/forums/showpost.php?p=1150888&postcount=67