Hi UT, I know you are confident about the state of the property market going forward.
However, if you factor just a 1% chance that property prices fall 40%-50% (look I don't know what and where you bought hence I am not referring to your assets per se).
Say the cash rates goes from 3.75% to 6% in the next 12 months (because the global economy unexpected take on a sharp recovery and inflation goes through the roof) and the RBA suddenly has to play catch up.
I know in your view this scenario is impossible.
But what if (just what if it is true).
You may be able to ride it out comfortably. Many may not be as financially strong as yourself to cop the belting.
What I want to highlight is the basis that the bullish view at the moment simply rules out the possibility of a crash. This itself is the single most dangerous factor in the build up and the subsequent deleveraging.
