covering rally

significant volume drop,covering rally could be on,me i am still sitting,why,well my reasoning is, this credit driven meltdown still needs r/e someone has to accomodate the administration of business,enter mof ,with reasonable gearing
any lift in credit availability will probably lift values,values are still closely tied to labour and maTERIAL COSTS PLUS site value,so at this point the enterprise value of mof looks pretty good to me.

give it 3-4years and dividend yield will probably be better than mofs low this year.

interestingly i sold my own residence recently and did a lease back at what appeared a premium rental,that was 2months ago the rent now looks only slightly above av.,that was my incentive to the buyer obviously it worked.

now i am 100% invested in r/e through the asx,it provides better leverage than actual property,this period reminds me of the late 70s and 80s,opportunity,opportunity,opportunity