bubblr fears, page-3

People that have not bought a property in Australia are so AFRAID that if they dont buy property NOW that they may NEVER be able to get onto the property "ladder".

Panic selling = people AFRAID that their asset price declines futher,
price capitulation sets in and SMART money buys for cash hand over fist while banks only lend to the most "credit worthy" persons.

Panic buying = people AFRAID that if they hesitate in puchase of an asset they will miss out, fearing that perhaps they never will be able to afford it,
young people stay at home longer to save,
banks are willing to lend and the price of money(interest rates) is cheap,
SMART money sells into the most deeply liquid market as public participation is at its maximum and the only person not buying property is the homeless person living out of a shopping trolley at circular quay.

Hmmm, I wonder what stage of the cycle we are in???