Totally agree. Why post all the doom and gloom? Eveone has a choice on how far they stick their neck out. If you take big risks you mite get burnt, if can aford to hold long term you can ride out the down turns. No need to argue about what the future holds when it's basically in the hands of policy makers anyway. I'm interested in what's happening now and potential growth areas and why. Some places will get hit much harder than others in a down turn and I think it's more important to identify these than just argue about weather property will double or half next year, at the end of the day 1 year doesn't make any difference either way unless you want quick turnover and IMO you should be looking for something other than property in you want a quick turnover. And thanks for all the help from the sensible people here, you've given me alot to think about!
