next to crash will be housing, page-45

Agree with your sentiments Andy,

You are 100% correct,dont let the Nancy boys sway you off the right track.

My recollections:

Back in 1989 I bought at the top of WA market @ 200k.
Sold in 2000 @ 550k.
Agent said market had peaked and GST will hurt my property.
The f.....g goose commision agent vampire.

Do not trust any salesmen whether property shares or encyclopedias.
They do not have your interests in mind as their top priority.

Better to listen to your own counsel. (ie the geezer in your head)

Today you could not buy the 1989 for 1.500.

Back in 2003 I bought 3 in an already " Hot Market " in WA.
BIS Crapnel was saying WA property to crash or flatline at best.
All have doubled plus in sub 5 years.

Bunch of overpaid overeducated slow f.....g learners.

The partial answer is we are all in different states with differing property outcomes.

Buy into States with the momentum ie WA Qld and NT.
I am sorry/happy to say, but SA Vic NSW, ACT and Tas, especially being so GREEN are on the nose.

Your states produce crap, and every country in the world starting top down with China sells crap cheaper than your domiciles, ie cars, manufactured goods,textiles and other remnants of the industrial revolution,so these industries will die.

Whats left to sell?
A view of a bridge or a wharf whilst you digest a $ 20.00 wood fired pizza the size of a 50 cent piece.

Keep it, I am not that hungry anyway.

Same as USA.
Produces WMD, Films, TV, Music, Tech and Cars nobody wants.
What does the USA produce that is necessary to sustain mankind?

Oprah and Ellen and Judge Judy.

Sweet f... all
On a slowboat to China.
The sooner the f.....g better.

Buy land,broadacre for the best long term return.

Otherwise land in or around GPO with a crappy house.
If you have the dollars buy the best of the best.

Forget apartments,no land content.
You might not have a his and hers bidet in the crap house that will wash your ass for you, but you are a big boy and can do that 4 yourself anyway.

The old time worn adage.
Best suburb, best street, worst house.

For WA buy within 7 k of GPO and kick back.
As you get older and wiser the property will take care of your retirement.

As I write BHP is down 28% from peak.

If property craps itself like the experts and garden variety pundits predict, it will not crap itself 28% in 28 days as the bluest of the blue has done before our eyes.

If it did, as all you property doomsayers predict ,you got to live somewhere, or perhaps buy a caravan and park it behind your folks house.
Trailer f.....g trash.

Renting is dead money.
I know, I have collected rent for 20 years in housing industrial and commercial, and know what side of the property fence I would rather sit on.

It is not timing the market in property to get it right.
It is time in the market.

Wish I had kept my 200k property from 1989 until today whilst all around me people were saying Rome is burning.

I can remember first house in Subiaco was 28K in 1977.
Told by all and sundry it was to much.
Today, well say 1.400 for round numbers.

A 50 bagger in 30 years and somewhere to sleep and raise a family in the meantime.

I am 51,retired at 39 and still waiting for my property portfolio to crap itself so i can invest my last 10k in a sure thing speccy.

Thoughts from the doomsayers invited.
Yes I am a little agressive,and no I do not give a flying f..k.
I have little patience for turkeys,or cannon fodder.