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yeah, I was confused too...

This this and this! This is the easiest counter-argument to pull out of your back pocket whenever you meet a doomsdayer.

Good point. You'd have to be disciplined but I get the logic. I guess it might be a problem though when you find a property / PPOR that you'd really be willing to negotiate on!

Yes I'm aware of that too. But you have to remember at around the same time people were tipping 50% or so drops in Sydney after the GFC and Brisbane after the floods. So 20% was nothing really. I really need to stop reading mainstream press! I've already cut out SMH etc, and sticking with ABC...

I've always thought about doing this, I mean you'd get lucky eventually. But wouldn't you burn bridges with all the agents? There are only so many lowballs you can throw before they stop taking you seriously. You'd get away with it in a dead market, since beggars can't be choosy. But in a...

It's like after GFC, I thought it would collapse. But it was just a little muted as you said, and it wasn't until many years later that I realised...oh, THAT was the crash. That little blip on the radar. That was it. LOL! Also the same with Brisbane after the floods. I thought the non-flooded...

Yeah, I figure this crowd would see through it:)

It will stop and when it does, it'll be stagnant for a decade. But people won't buy. They will wait for that 50% drop that never comes, then complain 10 years from now about the next boom and how 10 years was just not enough warning. All those investors held society at large hostage while they...