asx versus real estate in the near future, page-20

houses are not businesses

they don't produce anything, there is no marketing, nothing

the only way people make money out of them is via speculation

you can't use discounted cashflow to work out what a property is worth because they only make about 3% from rent

if you did you'd end up with very low valuations

the more money they can get from banks the higher the prices goes is what it is all about

anyway everybody now realises that they have been caught holding the parcel now

some have massive debts and it is going to get ugly from here