I agree that all sections of the market react differently to any up or down movement.
An investor only buys a one million dollar plus home for capital gain or redevelopment, so they will represent a small portion on any discussion here.
So I believe that the majority of discussion here is to do with the normal family home and the normal investor.
I do have a positive attitude towards the market which will recover and go forward and I also believe that for someone who is going to buy a home for the long term family use and they want a specific type of house in a specific area there can be some good buys and they should go ahead and purchase now.
For the investor or the home owner who wants the property to be a home and an investment they should not buy now as IMHO all the market is going down and it still has a long way to go.
So it is all very well to be positive, but positive to what, all investment markets go up and down so there is no god given right for the markets to behave any differently now.
If you are an investor or have an interest and follow the market you have to admit that property will not always increase in price.
It is impossible and never before in history have we seen so much time, money and effort put into trying to pretend that the market is not going to fall further by people and governments who have a vested interest in promoting the myth.
A transcript that explains it in part is here:- Barry Clarke: History provides us with many examples of booms and busts. Where fortunes are made and lost. Australia experienced this cycle of boom and bust most recently during the 1980s and early 1990s. Deregulation of the finance system by the Hawke/Keating Labor government played an important role in creating the boom.
Financial markets are volatile at any time, but once a boom is underway a certain boom mentality of over confidence takes hold. Link to ABC artical
So as to the cut and paste it usually explains your point of view better and at least it gives the basis for a person remarks.
What can be said about the market that is positive? You can always highlight individual properties that for some reason achieved a higher than normal price but you have to find something positive other than personal views about the market as a hole and not use historical data pumped out by those vested interests
Finally it is better to keep the posts away from the personal unwarranted nasty comments which should only be used after repeated transgressions
