$30 billion wiped of the stock market today, page-2

"everytime the stock markets tank, the property market gains another new stock of investors..."

- so everytime the property market in noosa, gold coast, Perth, Brisbane etc tank does some other asset class gain new stock investors?

- by my back of the envelope calc, the Perth housing market has lost about 20 billion in the last year (500k number of residences, 500k pre-fall median, 7% nominal fall). Obviously not as drastic, but shows even property can lose a large thread-catching amount of money I trust?

- Were gems about imminent property market falls in Perth, Gold Coast, Noosa, and Brisbane wrong? When they were made it was all of Australia that could never fall you would have said...now is it just Sydney and Melbourne that can never fall I think? Or do we acknowledge they can fall as well?

- wink wink