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You don't have to worry about the common folk being able to afford the loan repayments as you claim to possess this amazing ablity to know when the market is 5% above the bottom will buy then. But oddly as you have admitted you don't have the same ability to pick this bottom. Keep picking...

I'm interested in learning off Weasel who admits he can't pick the bottom but claims he can pick the point 5% off the bottom. Surely you would also love to benefit from this incredible knowledge? Hope he can provide us with this amazing insight.

And you are obviously pretending to know where 5% off the proven bottom is. What are you picking to get all this fluff from?

Weasil This is what you said I can't pick the bottom, no one can, but....I 'd rather pay and additional 5% in purchase cost from a proven bottom than buy in say 10% prior to the actual bottom of a cycle. We are not there yet and talk of rushing should not be bandied about in this market...

So that you will know that there is more than 1 possible explanation, but if that is to difficult for you to grasp you have my sympathy:p Have you managed to come up with an answer to how pick 5% above a proven bottom or is this more fluff and no substance.

Let me help you get this clear. The point I made was that your assertion that what you don't get is the fact when an area is in decline that it is possible for more properties to rise in value rather than drop in value. Whether this is happening in Melbourne I wouldn't know. A...

Not a theory, a very simple fact that seems to have escaped you. When units of any group of items are different prices the overall price can go down regardless of whether the majority are sold for a lower price. The same applies in reverse.

No, your maths is sadly lacking. $4 million prpoperty may drop 25%, 10x$500,000 properties may increase 10% which leaves a nett $500,000 drop in prices but 10 properties rising and only 1 property dropping. The 1 thing that you are correct about is that you...

Weasil Absolutely disastrous 12 months, median prices off 6%. When would you rush in, how do you pick the bottom?