if prices don't come off 40%, it'll be a first, page-24

Some here are really divorced from the reasons , for some borrowing .

eg " Homer Simpsons ..Its all on the house "

Im involved in peoples finances everyday , as I know some others are here . Its simple ..you " hope " they dont have a car loan , you hope they dont pull out equity and head for Europe , you hope they clean up credit card Debt ..

But you certainly admire the wise client , who understands the taxation rules , builds equity , and purchases more property , this kind os Saving is encouraged ..Few can do it , but the ones who do it really well ..Do extremely well .

One works within the relevant legislation at the time ... Savers ( What is a saver ? ) ..no matter what they earn , will NEVER be able to put money away at the same rate .. simply not the way to go .

Like a very good friend of mine ..Who began all this at 20 years of age ..Now 42 years ... who has built an incredible amount of equity over those years ..for nearly 10 of those years , there was little growth , he kept buying .

Prices here in Melbourne ..will never come off 40 % ..It would be nice to have a small drop , hopefully stabilisation ..there will be no sizable drop .