I have lived through the early 80's when interest rates got to 25 %. Almost anyone with debt was put to the mortgagee sale.
And again in the early 90's many properties were sold up because of speculation and debt.
We have just witnessed the largest Real Estate bubble ever seen in recorded terms and it will end in tears.
Sorry Kincella but your youthful enthusiasm and inexperience will not overcome what is happening, ie the collapse of RE prices.(which are now double fundamentals)
IF you have high debt, it's time to save yourself. If you have none all you will see is loss of your investment values in dollar terms.
Most in RE talk up the market for their own self interest (lie). It won't make any difference. The market is in a very precarious position. Nothing will save it now.
Thank goodness for the few honest people like John Symons.
