just admit it. you're nervous!, page-45

"who gives a toss a daily fluctuations in the value?? only a BEAR who looks a house like a stock as his/her stocks are valued daily. different mindset that is obviously poorly applied when it comes to housing."

I think we can all agree with this, however:

I think 5-10 years qualifies as long-term. Considering we've had above trend growth from 1999-2010 that cannot continue at the same pace, personally i consider it prudent to wait. Thus far that has proven a wise decision as prices appear to have retreated to 2008 levels----> the point where demand was brought forward by low rates and large increases in govt handouts.

FHB who bought from 2008 onwards are now experiencing mortgage stress, and the supply of new entrants to the market has fallen, due to various factors, the most important being more expensive credit and difficulty accessing it, hence prices are cooling.

If the current trend continues most capital cities are looking at annualised falls of 10%+. So whilst property has a L-T investment horizon (just like equities) what is the rush to BUY if the horizon is SO LONG and the current trend is falling prices??????