sunrise david koch this morning dug in

I saw sunrise this morning where David Koch interviews a property developer and his apprentice chinese woman with 21 properties.
Koch asks what her debt was, she says 4 million.

Whats your portfolio worth asks Koch, she replies 6 million.

Koch says he looked at her portfolio spoke to the real estate agent in that area and the RE agent said he would be very very surprised if her properties were worth anywhere near the 6 mill valuations lol.

This then requires the question, Are these boutique property developers artificially inflating property prices to make these mum/dad investor portfolios look good for banks and they borrow more and more.

This IS a house of cards awaiting a mASSIVE fall, blind freddy can see that, i think we will see mm/ dad property investors jumping from windows and the whole RE market in Aus collapse like a lead balloon.

NOTHING is holding this market up but artificial props about to collapse IMO