CBA 0.31% $150.25 commonwealth bank of australia.

question for acouch, page-26

  1. 873 Posts.
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    re: melbourne property (cd) thats interesting grant.
    I was out today with some commoners (i'm being facetious but you'll get my drift) and we were discussing the property market.they were making comments like 'the people buying now will be in big trouble when they try to sell'. These were all people that a few months ago were saying the market couldnt go down cos it was safe as houses.
    It just makes me wonder. Are the people buying now really at the bottom of the pyramid where there will be not enough people left to buy the plethora of investment properties being held only for capital gain? or is there a little bit more that can be squeezed out of the market. I'm sure if I was a RE agent I know a few people I could still sell to since I know all the lines. too bad i have some scruples.
 
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