property crash now in dangerous 2nd phase !, page-11

  1. 25,883 Posts.
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    Hi kincella

    One of the problems of trying to use statistics to prove a point is to make assumptions

    Fact: FHB tend to buy in certain areas
    Fact: FHB buy in certain price ranges
    Fact: 2% of the total market can when applied to a single area represent anything up to 50% of the houses in that area

    So if 50% of houses in a FHB suburb went belly up it would certainly be cause for concern
 
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