what a great thread.......took ages to read.........think we can all agree......there are some interesting arguments here.......... since I have probably forgotten most of what I just read........an alzhiemers moment ........... what exactly is different this time around...........that has not happened in the last 100 years ????? sorry but I know of stories where people paid 360,000 for a modest 2 bedder in toorak in 1989........and they only recovered about 1999.......to the former price..uhmm sounds about right a 10 year cycle........now the same thing is 500,000 plus , not good for the people who bought at either highs, but good for those who got in at 180.000 in the drop cycle.........but look at the overall chart if you held for any length of time ********* I prefer to use the 100 year old charts, when looking at the bigger longer picture...........that about does it for me...........no further need to get into the nitty gritty of monthly or yearly cycles btw I hear chatter about the cost of interest in the home ownership debate.........what no one borrows to buy shares ??? and going by hc posts............they do not invest in companies that pay dividends either........so compare apples with apples when comparing investment strategies cheers
