so when will this occur?
My guess is that the smarter of the people sitting on $200-300K short term paper profits are going to start taking their gains soon if not already.
This will be followed by the ones who read the papers and realise the trend is changing. They should still make a decent return or breaking even for the laggards.
The stubborn believers of the property myth (who were probably the most recent buyers) will be the biggest losers with most of them having to declare bankruptcy on advice from their adviser when they're in serious negative equity with the net rent not even able to pay the interest on the loan.
My opinion only.
- Forums
- ASX - General
- rent now
rent now , page-6
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online