I am all for healthy and intelligent discussion. It just appears the discussions all to often got bogged down in the quagmire of bears who appear to have no interest in property-they actually display a total loathing of it as a investment tool. It is these posters who I question there presence here...
As for a property 'crash'. Well I just cant see it happening. Maybe sideways but no crash. Rentals are strong and increasing-why would I sell if Im free carried? Either you need to buy to live or rent to live-you cant stay at home forever, thus either you buy my house or rent my house...
Now what I think is happening and will continue to happen is a build up of pent up demand. People are sitting back waiting, hoping for prices to come off. But each year there are how many hundreds of thousands of additonal people entering the workforce, getting married, having kids, getting partners and looking for something to cover their head.
One other thing-peopel appear to be much more finance savy now. People are paying off their debt, there are plenty of cashed up people out there...just waiting, watching for the heard to move.
