how much have the waiters lost, page-135

I'm just sharing my opinion, the forum has to be balanced, not just all bulls talking about buying. I am just trying to spur a conversation and a productive debate that may shine light for everyone, like I said I am open to hear what people have to say... but so far no bull has said much, just mostly thrown out personal attacks in return rather than answering the questions I ask and sincerely want to hear the view from their angle.

I don't believe there is such thing as the average person - an investment is only as risky as you make it IMO, and that depends on how much research you do.

I agree - if people are choosing to buy places, especially families with children, or older people, anyone who wants to have some consistency and know nobody can kick them out of their house (except the bank if they default)... then I am not denying that these people perhaps choose to buy for a fair reason... but if buying as an investment, I don't believe it is a good time to be buying Aus property, even if people are classing their PPR as an investment and say that rent is dead money - I would kind of say that interest is also dead money, so are rates, repairs on the property which can really add up, insurance, fees the banks charge, fees that agents charge, stamp duty etc. these all have to be factored in, and sometimes renting does make more sense for those who don't have young dependents or are older and wanting to settle in one spot. All in all I agree with you on this - if a house is being purchased for it's actual real use (a home) then I think this is fine, its those who buy thinking they are going to get rich from it and retire... that train has left the station for now, not saying we have reached peak, but nobody can pick tops or bottoms, I'd prefer not find the top the hard way.