Touche' Andrew post number 12356476436483276408733
on the soft depression.
Reasonable people go along in life and don't rock the boat. Unreasonable people refuse to accept the prevailing truths. Therefore all change is dependent on unreasonable people
If there is a melt-down, then a proper investor will make money out of it, like they have done so in the boom.
I look forward to your melt down, as Im prepared and plan to make plenty of $$$ out of it.
I continue to see posts like the above from joe; comments about how they are going to clean up. Hello ? is anyone home? The lights are on but that is all.
We are presently experiencing the worst global financial tragedy since 1929 but thats ok we are smarter than the rest of the world
I'd love to know where your going to get the funds to as you say.... clean up. It just might surprise you to know that the liquidity crisis is already upon us and mate the music has stopped and I hope you have a chair.
On Thursday GE Money and friday GM finance announced they were pulling out of Australia. Next in the line is the remenants of the gang of 5 Wall Street investment Banks that will be downsizing what is left of their tattered portfolio's.
Australia sources 60% of it investment funds for property from overseas. If you search back through my posts over the past year I have said the soft depression is all about an inability to obtain financing.
The continuing nonsense about a recession just does not add up. Common sense just isn't common.
What you are witnessing now and over the next ten years will be a story that you will tell your grandchildren how you lived through the soft depression.
For years I have lurked and enjoyed this site and it was only the last 18 months that I started to contribute. It was a great site to learn about the various ways to enrich yourself through property investing.
Like everything in life things constantly change. In the next two to three years we will see a drop off in the number of contributors to this site as the fiscal tragedy takes hold.
There is no country in the world that the financial firestorm will not touch.