Perfect Storm in Perth property market

[grubar30]

http://www.news.com.au/realestate/perfect-storm-in-perth-market/story-fncq3era-1226593306857

• Properties selling within hours of listing.

• Properties selling significantly above their asking price

• Multiple offers

• Panic / feverish buying

Oh my, here we go again.....

What happens when commodities come back down to earth (Miners and Wall st futures seem to think so).

How many will lose their shirts again?

Some people just don't learn.

 

[Blacky]

Oh my, here we go again..... ...ths (sell) then Im ready for the crash...:p:D

 

[grubar30]

I certainly hope we have a massive boom for 12months or so, then a lovely crash (and burn). It gives me good capital growth for the next 12 months (sell) then Im ready for the crash...

What dreams are made of, right?

 

[Jake D]

http://somersoft.com/forums/showthread.php?p=1005457&highlight=perfect+storm#post1005457

 

[hysterical]

One thing comes to mind when i read this

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" by Warren Buffett"

http://www.news.com.au/realestate/perfect-storm-in-perth-market/story-fncq3era-1226593306857

• Properties selling within hours of listing.

• Properties selling significantly above their asking price

• Multiple offers

• Panic / feverish buying

Oh my, here we go again.....

What happens when commodities come back down to earth (Miners and Wall st futures seem to think so).

How many will lose their shirts again?

Some people just don't learn.