of the 100 or so blogs after that article probably 10% are realists and 90% who agree with him are still in fairy land.....here is one of the realists blogs............
I am a financial adviser and always bullish on property. We where told not to buy our first house in 1997 on the very same basis. Paid $220,000, borrowed $225,000 plus $35,000 for renovations then owned it outright and fully renovated 4 years later and we only had average wages at that time, now can live here forever. Others can do what they wish, I will keep buying quality median price property in good areas, paying it off and buying more. But we need people that are anti property, they make great tenants for us!!! Posted by: Robert Gothard of Sydney 9:10am today Comment 34 of 99
