ok we got the message, but, page-16

Makattack, you have correctly pointed out that in the last decade their has been no crash. but You are implying that there is no chance of a crash happening ever.

on the contrary, all signs are pointing to one...

I noticed no bull predicting a drop of 6% last year, heck they spruicked 7- 10% increase. Very wrong... Wrong By 16%, in fact.

So sure, not by the exaggerated 40% but the bears were right and the bulls were wrong!

so what makes you think that it won't drop 10% (crash territory) in 2012...

Europe sells off trillions of it's debt to the third world.
China continues it's building of empty cities.
America converts all it's oil industries to the wonderful world of wind and nuclear
And australians thank glenn steven for dropping the cash rate to zero and the government for pumping money it doesn't have into property to keep the overextended bull happy.

and touching on speculative property...do you have an opinion on the 28 year old couple that have to send their 1 year old kid to child care because they both work full time to pay the rent and try and save a deposit for an average 500k home because for the last decade the government has allowed an investor to outbid that couple every single time on their future home just so he can negatively gear it and bang on about how easy it is to ' make' money at every bbq he attends.

so yes, while one of the only few counties in the world that still allows negative gearing, every single dwelling including the one over your head is a speculative investment.