how much have the waiters lost, page-189

Keeting - thanks for the decent response. I honestly wanted some responses like that rather than the childish ones about how people who are not in real estate in this current point in time must be poor and so on.

I used that example as a quick way to show that we dot not have a land shortage which is continuously stated, the age differences of the capital cities are a good point, what about the fact that our unemployment rate is rising and that our 44.7 year old are better off in general financially than most 34 year olds (talking wildly general terms in property).

Our population is also aging. Hence why now retirement age has been boosted up to 70.

I rent the property I live in (by choice, not because I couldn't afford it, I just choose not to own this place or any other place in the area). If I had children who were settled in to a local school etc then I may have a different outlook.

I think the fact that property is every second news story, every second add on the radio is about property, I get at least one call a day asking me if I would like to learn how I can buy a house (nice of them to offer, daily) -- all of this goes to show it is been and gone IMO, parking money in areas nobody is talking about is the road to wealth, the areas everybody hates - not the sectors where everyone loves and thinks is bulletproof, its a dangerous attitude to have.

I agree with Sector on the leverage part - but I think this is where the danger lies for some families who see the opportunity of cheap money, barely make ends meet during low interest times, then what happens when interest rises? The more leverage they can get, the more underwater they can become if prices go down. Leverage is absolutely one way to big wealth I m not denying that, but only if it is used wisely, if put in the wrong areas it can spell bankruptcy.