To expect a 9% annual compound return year on year for the rest of your property life is outrageous. Look at the curve i posted in that graph. It is not sustainable.
Similar to Soro's reflexivity theory i believe prices deviate from their historical mean and will eventually return. To expect a parabolic curve like that to continue to occur you are deluding yourself..
It is a natural cycle, boom -> bust whilst i dont know when it will deflate itself i know its bound to happen sooner or later.
The worlds problems are not solved just because each govt has eased monetary conditions and pumped/printed some money. Theyve just worsened the problem by fueling speculation by providing cheap credit, and shown the big boys that if they stuff it up they will be saved at the expense of the people that didnt stuff it up (taxpayers).
but wait were in Australia house prices can't fall here?
watch that link i posted, everytime property inflates and results in a bubble like situation everyone thinks there different. Arizona, California.. CHINA???
