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  1. M

    what would happen if property prices crashed

    Ahhhh... So your logic is.... since you don't know anyone who made bucketloads during the gfc, therefore, no one made bucketloads during the gfc. My point is, and mentioned by others, there are opportunities in crises. Be cashed up to make the most of them.
  2. M

    what would happen if property prices crashed

    Financial crises are great if you are cashed up and still have a job (or other income coming in). From what I observed during the GFC in relation to property: - Banks tightened new lending - Interest costs dropped as rates dropped - Prices dropped (and often overshot). Not a problem if you...
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