aussie house prices set to collapse, page-61

nope, he is a property permabull

some famous quotes....

"property doubles every ten years, always does always will" - spoken 3 years prior to the GFC

"I am a property millionaire" - well maybe not, once you deduct your borrowings, pay costs and split half with wife you have 350k

"when building a home and selling it straight away you borrow the interest from the bank (because it is free) and then you dont have to pay anything"


get the picture? this is why people should be worried, because these are the beliefs and expectations of the over leveraged