**property to remain flat for some time**, page-14

Imagine buying a 120k property or buying 120k worth of pdn shares...dude you cant pick a bad performing stock and compare that to property of the last 3 years.

BIS Shrapnel leading economist is forecasting rate rise of 2.5% over the next 2 -3 years and a falling property market around 20% before recovery around 2009.

Consider what a 2.5% rate rise will do....if managed funds think property and the market will fall they will go long cash.
Youll prolly find many are long cash now and have been for the last 6 months.

We havent seen a property crash for 20 years...most beleive that property can never fall...just like they believed the nasdaq qould never go back to 1500 from 5000. That gold wouldnt fall from $700 to $250...that oil would rise from $10 to $50 in 6/7 years....that interest rates would fall from 17% to 5%.

Property is more expensive now than ever when one compares it to income...interest rates are not far from all time lows....unemployment is near all time lows etc etc.

Wait until they start lifting rates and unemployment picks up and you'll get a reality check that property can and will fall substantially.

Look outside the square dude