admit it you got it wrong, page-25

""Scotty you should thank your landlord, because you will be renting for a long time. The 5% you get in interest will be wiped out by the 5% rise in property values and you will keep playing catch up. 31k then 62k then 93k then 124k, etc etc.""

Time for a cold shower.

The heavily promoted premier real estate auction in Australia was held tonight on the GC ... standard waterfront property in Admiralty Drive sold tonight for $1.4m at auction ... bought for $2.1m in 2007.

That a very neat little 33% loss over 7 years that will need to increase by 50% just to get back to its 2007 price. Un-be-effing-lievable.

I might actually take the cheque book to next years auction.