rba still happy: rates will stay low , page-34

I disagree UT, and remember, I was more bullish than most on here just 6 months ago and ready to buy multiple properties, and equally I am also not captive to some long term bearish 50% crash dream either.

I need some residential property to diversify my portfolio, so I will be buying at some stage, but I am very confident within the next 2 years I will be buying at prices justifying being out of the game altogether for now.

The GFC barely blew a candle out when it hit our shores, its widely acknowledged this was because of the resource boom, strong employment, relatively high interest rates at the time, the banks were in good shape, and the government in surplus giving it capacity to stimulate and/or absorb a few hits.

But look at those things now and the outlook is very grim, and I am far from convinced the "greatest financial crisis since the Great Depression" has finished with us just yet, interesting times ahead, get it right and you will clean up exponentially.