why are we in a recession, page-105

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?


WHO CARES Warnie

lets see a $400K property drops 10% which you agree is possible

so the saving on the purchase price is $40K.

which menas in 2 years time you have $40K more buying power or have to borrow$40K less

and if you borrow $40K less the interest saving over a 30 year loan at 8% interest is around $65K


A saving of $105K

Gets even better id the market if due to circumstance you can pick up a property that has dropped even more.

But you are right who cares about saveing over $100K