Rizzla, I have friends in the same boat.I got out in 2010 (2)...

Rizzla, I have friends in the same boat.

I got out in 2010 (2) and the last early 2011.

My mates bought in 2010 and are all down;

Frankston north 340k all in - 2010. Down 30%
Hughesdale 890k all in - 2010 - Down 25%
Melton 275k all in - 2011 - Maybe even for now
Hampton park 530k all in - 2011 - down 10%
Port Melbourne 550k - 2007 - down 20%

and the list goes on.

We are all under 30 or thereabouts. They are a hopeful group, when i was selling i was laughed at. Now i can see the fear in their eyes... What if he is right ?

This is going to be very ugly...