top properties may fall 50pc, page-31

These dips are an opportunity, although doing well having bought last year early Oct $1.5m and now on market $2.5m (was $2.65m) because i did improvements (sub-divide), i guess i have to come to the realisation people are sitting back and not buying. So people only have to adjust for the market.
So what-interest rates going up scared me into selling-as i am unemployed surfing, but now we have the real possibility of interest rates going back to 5% quick-within 6 months.
The job i'm starting tomorrow to pay the morgage may become a distant memory with lower interest rates and with the missus working part time from home (she earns much better money than me-like she can earn $1000 a day from home, the sort of missus every beach bum surfer needs)things will be sweet. And we will be looking for opportunities on cheap country houses to negative gear.
Yes blue chip property can come of 40-50% but only if you are the idiot who bought at the top of the market and payed 10-20-30% to much at the time.
Who knows how low interest rates will go, the US is talking 0% but if we get to 4% my property and many blue chip ones like it will start looking very cheap-cheap-cheap. I will sell mine and buy 2 and get them subdivided.
A gun propert man will make good money in any market and considering i started with a $30,000 inheritence and am only 37 i am really looking forward to the next 10-20 years in property what ever the market conditions and hopefully, I WILL NEVER NEED A PROPER JOB