the property bubble Why don't you guys just copy and paste or have you already.
These post have been going on for the last 3 years, and you guys will probably say "I was right " When and if it happens.
Stocko that's a load of cr@p about the Commonwealth Bank, I have on paper a nice little balance sheet and they knocked me back for a very small loan.
As a previous poster stated supply and demand. It's that easy I sleep well at night knowing that the majority of my assets are in bricks and mortar, even if they do go down 50% I'm still in front.
There is one thing common will all mega rich people it is PROPERTY.
Do your research buy in the right areas and you can't lose. Go back when you were 18 and dreaming about the house you wanted to buy and see what they are selling for in today prices, I would now be a millionaire if I knew then what I do now.
I'm from WA and we maybe isolated to the rest of Australia but I still think while people are prepared to pay the prices the sellers will accept there money.
And with banks apparently lending more than they would in normal circumstances says to me that people will pay higher prices.
Increase in real portfolio from last 2 years 40%
Increase in stockmarket portfolio less than 1/2 that
OK it doesn't include divvys but it also doesn't include rent received.
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