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Its too late for you... its too late for you all. Let the searing fires of a 29% drop in 1 quarter in 1 state in a particular suburb cleans your portfolio. Anyway, I hope everyone knows that I’m taking the **** here.

Yeep. It was fun while it lasted, now it’s off to the salt mines to service my underwater mortgage. Parting words of advice, listen to the D&G brigade.

South Yarra crashed 29% in Q1 2011... this has effectively wiped me out, game over guys, good luck riding the RE median monthly price rollercoaster

Dood! You’re doing it wrong. Rent a flash pad for half the cost of a mortgage and LIE about owning it, lease a 118i BMW instantly de-badge it and get the M-sport bodykit and wheels (these can be sourced for cheap, replicas) have a magnum bottle of veuve handy... lies get the womenz

These are the people that will get burned in the current market (melb)... such is the nature of the beast.

Yeah and when GenY gets long in the tooth they’ll be complaining about kids hoverboarding everywhere and augmented implants that they wear as a fashion statement. They will also say how easy the hoverboarding augmented generation have it with high paying jobs on the moon and teleportation travel.

Like I said the economy needs people like you who squirrel their money away in interest bearing accounts. Don’t get upset.

I LOL at people that say they have enough money in the bank to buy a property outright and sit on the sidelines smugly thinking they’re better than the rest. Like Melbournian said, it’s an under utilisation of capital, but the economy needs these savers so its all good

I no rite!? Gonna be epic lolz bro

When was the last bust cycle (pre GFC)? Like 2003-2005?