asx versus real estate in the near future, page-19

Hi milesg

What I mean by the wholesale market being back in force in real estate is the time when one knows that for example the value of a house (cleaned or specked up) is say $450.000 - you know that my making an offer of approx $360,000 there is a reasonable chance of getting the offer through. i.e $90,000 is added to ones wealth total the minute the contract is signed. I have never purchased property at current market prices hoping the price will rise - I see that as just gambling not creating wealth. If on the other hand the prices do rise one gets it both ways.