Here we go again. Always this attack on poor old LB.
I would never say anyones post was "silly" and I've seen a few that could be categorised as that.
I like your humour though Acey. Will have to invest in carboard box manufacturing companies.
Its funny how I'm still constantly misquoted.
Its like I'm the spokesperson for the generic community of doomsayers and all the crazy things people have heard doomsayers come out with are taken as having come from me.
Please tell me where I predicted interest rates would actually rise??? Somebody asks what will happen to rent if interest rates go up. I answer them and next thing I'm being accused of predicting an interest rate rise. Whats doing there?
The "people need somewhere to live" arguement has run its course and run it well.
Whats the word for that again? When you use a valid point to draw an incorrect conclusion. ie "people need somewhere to live and therefore property will always go up" .
Its investors fueling this boom, not owner occupiers. One thing I will predict is there will never be insufficient houses in Australia for people to have somewhere to live. If in doubt of this please go and visit some other country and see how they cope with 10 times the population density then our Australian cities.
the observation I have made about rents falling has come from other posters on this forum and real estate agents themselves. I looked in a RE window the other day and half the rental ads had their prices crossed out and a lower one written below.
Go for a drive in almost any street in Brisbane and you will see more "For lease, Rent me, Available for rent" signs out than ever before. I phoned and agent to ask a price and was told the price and that its VERY negotiable. I've never seen anything like this.
I'm no genius (even thats debatable) but to me, it looks like rental returns are going down. what other conclusion can I draw.
LB
PS Falling in love with any investment will always end in tears.