the great oz housing scam exposed, page-62

"some of those smart kids have doubled and tripled their 10-15% deposits since then."

It's all an illusion, unless you have multiple properties or you trade down and actually convert someone else's debt into cash of your own. A Ponzi scheme. Get in early you make money. Be there at the end you get ruined.

I sold out everything except the house I live in and 1 block of land in a good location.

I don't care if property prices in Australia drop 30,40,50 or 80%.

I'll still have a roof over my head and rates will be cheaper.

And normal people will be able to afford a normal house again.

Bring it on.