Buddy, why dont you just pick up the phone up (it aint that heavy) and ring a large commercial valuation firm and speak to someone.
It would have saved you all that time typing that diatribe in and you would have realised that you are not correctly informed.
I will revisit in say 30-60 days when the revaluations start hitting the market and you can then kiss my arse.
My background is corporate lending (property) and commercial property industry itself. My contacts within the industry are extensive but no matter, I'm use to this.
The gang over on SBM had no sooner launched a similar diatribe against me (I was a down ramper there as well) only to find out a week later that I was right and the attack dogs were all wrong - see yesterdays share market action.
I couldn't give a toss if LPTs going up or down tomorrow, I'm just stepping after I read so much ballony posted here about commercial property recovering when it is in fact still going down.
If you think I'm wrong, then you should be saying that no, rents aren't going down now, they are holding up (or even going up if thats your position) and hence why commercial property will not likely go down further.
So I've reduced the argy bargy to one point. Are rents in the commercial property sector (in prticular the Office sector) going down? Yes or no? It aint that hard. It aint that hard to find out either if you are not sure. Just ring Richard Ellis or an outfit like them and ask someone.
Its cheaper and easier than just loading up on LPTs and shooting at people like me bringing the truth to your door step.
MOF Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held