I think some of the problem is that the most influential players in global markets are based in USA and UK which is the epicentre of the property crash and their sentiment has been tarnished too much with negativity...they can't fathom the world turns without them and the extent of change in China and India.
It's a new paradigm* and they haven't adjusted.
*Doomsdayers before you post a "this time it's different" putdown, just remember that is also the basis of your argument - that this isn't just another bear market.
It's funny how the extreme doom and gloom posters are always newer members. There have been plenty before but few have longevity. Will noifsorbuts be here in a year to gloat that he was right, or admit that he was wrong?
The only doomsdayer that was spot on was martis.
Bear markets usually last 12-18 months based on history.
As for property in Australia about to freefall...what is the trigger? It's flat but I haven't seen any sign of capitulation.
