Moondoong, I wouldn't want to be a vendor listing going forward. As I said, once the crash goes into full swing, it won't give much warning. Once you are stuck, you are stuck as prices drop like a boulder. Demand dries up and supply inundate the market.
Tens of thousands of greedy vendors refusing to budge will now have to steeply discount in a race to the bottom to beat other to the buyers (who are smarting now that they smell blood).
I notice CJ has stopped writing rubbish (that's what I call rubbish) about a succession of rate cuts setting the market on fire. Now he writes about how he knew the RBA wasn't going to cut on Tuesday...LOL !
Next, he will suggest strong demand from FHB because teh ANZ only raised 6 basis points. :)
