why are we in a recession, page-81

So bears say properties are way overvalued yet in 1-2 years time they will be absolute bargains.

Really makes little sense to me.



Lets move forward 1-2 years....


Property may drop 10-15% if your lucky from here in some areas....sure it can and may and will happen.....but so what...unless your buying now to sell in 24 months who cares?

Why have such a short term view on such a long term type of investment?


In 1-2 years property will be picking up pace as every man and his dog try to enter the market (the bears) (who get in too late or not at all and out too early ).....causing another boom....

rents will be very high
most properties will be close to cashflow positive
however interest rates will be relatively high again due to inflationary pressure
supply will be so far behind it wont be funny and immigration will be up as more and more seek refuge to Australia.

Just some of the reasons why the next 18 months is a great time to buy.....well anytime is really....but even more so when u have low rates coupled with scared chickens.