housing prices, page-27

I think even the sentiment now days is becoming interesting. There are far more property bears coming out than any time in the past 10 years. Public sentiment is becoming quite negative on house prices and the vested interests (banks, real estate agencies) are doing their best to keep the bubble inflated.

I do agree though that timing is crucial. The property crash could be a year, 2 years or 5 years off. I also agree that the longer it is, the worse the correction will be because of the required de-leveraging.

Personally I wish property wasn't in a bubble - I would love to buy some to diversify my portfolio. Unfortunately right now its like a mature, government subsidised stock that every Joe Public owns, has made money off and is leveraged to the hilt to, and trading at 100x p/e. Nice history, but not for me right now.