crash what crash, page-102

Take my word for it , rates are low , going lower , and guess what even lower for a protracted period of time. You fellows have been crowing about the demise of the mining boom as a herald for lower prices , but only the inexperienced fall into the trap of not realising what we experienced players know, those who can will buy when rates are low.

Here we go , lets imagine I have $250k sitting in a bank account. My return keeps dropping , buy shares you may say , well no I say! Guess the money in the banks is being coaxed away from them with low rates for depositors and the levy is just another ploy to move the dough out the banks. Most people would rather place those funds in real estate.

Prices will have upward pressure and when rates rise , which will be a while, any flow on correction that will result will leave the bottom a lot higher than todays top. Any future distressed sellers will bale out to those with the cash at that stage.

Australian property is a very protected species . All politicians know that. The sooner you grasp that all stops will be pulled out by all concerned because of the volume of tax the pollies get plus votes the sooner you will wake up to the reality - oh did I mention the tax breaks and massive leveraging benefits?