Impressive, sophisticated, analytical reply.Can't bear the...

Impressive, sophisticated, analytical reply.

Can't bear the thought that house bubbles popped left right and center everywhere else ? (Ooops, no comparison allowed)

Do you know what RE agents say to one another about what's going to happen ?? I Do !

Feeling deflated that assets means nothing (their prices can crash) while debt (remains the same) ? Do you admire those people who boast about how many investment properties they have while being neck high in debt (and with next to nothing in NET WORTH) !!!

Can't comprehend the dread when the banks ask those poor suckers (among them nurses, teachers, taxi drivers and the dude owning the local cafe) to top up on the loan when prices tumble ?

Can't reconcile with the end-of-the-road reality being in such stark contract to the reassurance from finance sector propagandist like Craig & Shane (who are probably done selling their properties while they dupe the poor buggers into a sense of security. Yeah 10% rise in 2010.....oh please).

Good news: There is still time to bolt. Get your property listed in February. Things get real ugly real quick. The property market is CORNERED. Unlike shares, there is no open market to jettison deteriorating assets to buyers locally and internationally. Your property on any given day is worth as much as (if you are lucky) the single buyer is willing to pay.

Keep yawning love, but don't jolt yourself too hard in a few months time in a rude awakening. We'll see at the end of March which way is wind starts to blow.

No need to wait too much longer now to see the foreclosures piling on. Oh yeah, with the FHOG, the next 2 years supply of first home buyers are already exhausted. Feel pity for them for they won't have the money to rent after the banks take the keys away.

If you are an agent, there will be plenty of business at least until about end of 3rd quarter. The volumes will be great (although prices plunging) as many start to panic sell and still quite of lot morons catching the falling knife. Beyond that, half the REI constituents will be looking for a job.

By then your friendly agent will be conditioning the sellers to heavily discount.