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Australia has ridden a gold boom, a wool boom and now a resources boom and the government has always meddled in all markets, the economy has always been at the risk from overseas economies and government meddling. Are you waiting for these 2 risk factors to disappear because one will be ever...

Because as much as people love to catergorize generations each generation is much the same, the average person considers rent to be wasted money and will look to own their PPOR, % of OO to renters may flucuate but one only has to read the news to see the angst of gen Y towards existing housing...

As in your opinion the market is due for a correction why are you considering entering after the correction, as the nature of a ponzi scheme is that it has to crash. Do you think you can time the crash? Cheers Pete

Hi Whitegoodman When will it cease being a ponzi scheme? Perhaps when you buy? Cheers Pete