How old are you?
Dave
I don't know why you even bother posting, all you ever do is provide witty one liners like "how old ar you"......wow.
How about you respond to the arguments, the threads, or I know back up what you have said and provide some eveidence as to things being discredited, or what that 17% drop refers to as you roll around laughing.
Every single post I have made on this thread has backed up sound reasoning and evidence, my posts are vastly more reliable and have consistently proven to be correct - all you do is attempt to discredit the person with very poorly constructed one liners, truly infantile stuff.
Instead of clogging up this thread with what amount to truly, juvenile, if not out right embarrassing character shots, try and actually do some research and show some form of credibility.
And to the post above, if my investments go down in value - they go down. That's my point, attempting to influence market sentiment by posting inane, delusional and denials of market reality is not going to change that fact. However I have no interests worries, capital outlays, or any other debt obligations like I suspect almost all of you do.
However on paper I may get smashed, however that is the point I am trying to get across here, only the biggest fool could ever believe that we are not going through the most severe down turn we have seen decades, its simply a fact. Further the evidence is stark that the Australian situation is very precarious nationally due to huge down turns in demand, which will cost unemployment massively which will completely undermine the market..
Again, the actions of the government clearly indicate that they are concerned with the market, their is an imbalance, providing grants and assurance to mortgage defaulters is undeniable evidence of this.
The supply of housing in Australia has been acknowledged by the TBA and many other institutions to perhaps not be as under supplied as is being made out, figures are consistently showing this -
the indicators are lining up all the way down the block and across the street park that there is a massive correction coming.
I have backed up my arguments succinctly and with external sources - you have not.