I didn't put words in your mouth......it was directly quoted......here is another direct quote " the problem is nearly all property investors at the moment dont understand inflation.
They think because a house around 1980 was worth $40K and then in around 1990 it was worth $120K that the price tripled.
but in both cases the house is still worth the same its just gone up with inflation.. no proffit. could have done the same with cash in the bank.. So is the current valuations inflation or a bubble steve.......help me steve i need clarification Cheers buddy Ps I see Christ Joyce says we are due for a correction......do you follow him at all steve? Is he credible?
