what would happen if property prices crashed

[landlubber]

http://www.news.com.au/finance/busi...terest-rate-cuts/story-fnda1bsz-1226593472818

Response to wategos .... Like I thought, approximately the same as happened here. See link. Oz banks didn't pass on in full the cuts in the cash rate either. You can debate the fine print, but mostly the same.
LL

 

[BayView]

A property price crash won't affect what you already own as long as you don't have to sell.

It might affect your plans to keep on acquiring more of course.

People still have to rent, so if the place is rented, and rentable, you simply keep the place and keep renting.

 

[ZOMG]

Apparently some hotshot economist from the US is predicting a large bubble for the Australian property market-

http://www.news.com.au/finance/real...ssie-home-prices/story-fndban6l-1226816510923

Looks like our market is heavily dependent on whats going to happen in China?

 

[landlubber]

Harry Dent

Read the article carefully ... right now Harry is trying to sell tickets to his Oz seminar series. He'll tell you anything to get your bm on a seat !! But you're hardly going to go if he says " IRs are low and the normal uptick in property prices that occurs is happening ...after a few years of stagnation"......LL

 

[Tulamalula]

What a tosser, sour grapes because Aus survived the GFC and US stupidity forced hundreds of thousands of foreclosures.

When this bubble bursts I'll be in there buying up the cheap property and renting it at 30% yield - people have to live somewhere.