Fact is there are many over committed to real estate right now just as with very investment boom there will be the ones who came in late, got greedy and over leveraged and or stayed to long.
These are the ones who are most likely to be pinning their hopes on keeping the hype going a bit longer despite the fact and reality that the boom is over or at the very least in it's dying stages and the prices are over valued. Passionate should not to be confused with greedy, over committed, jumped on a good thing at the right time newcomers.
And yes this does not include all property investors, but as there are a number of property permabulls here who clearly have come to the conclusion anyone who posts any thing negative on property is a
Loser not prepared to work hard,
Is a renter who wants property price to drop so they can buy a place and still afford their big screen TV
Some one who expects an easy ride
Jealous of those who made money on property.
Suffers from tall poppy syndrome
And countless other derogatory generalizations
It seemed only fair to use the same type of generalization in my post. The purpose partly of was in part to illustrate to a certain few property permabulls how baseless their generalizations are
