Anyone , but anyone who would quote figures in the current circumstances as setting a trend is really being quite naiive and showing a premature conclusion drawing facility that bears little credibility.
If NAB shares are down 50% am I therefore to impute that if I wait another 6 months they will be down another 50%? Does that mean they will no longer have the ability to rebound? Obviously not! These are unusual times and to be frank if financial armageddon is here nothing will be worth squat unless it can shelter you and feed you.
Property is a long term investment - if in Perth it has only dropped 10% so what - compare that to the bloodbath elsewhere. If you are in cash - watch out - your return will diminish both in lower rates - plus inflation will chew up the capital. If in gold - will continue its decline as long as it is linked to oil and we have central bankers bailing out the system.
When all stabilises - your path back into property , if you have no exposure will be hard. To get an IP you will need huge equity, pay massive duties - if not overgeared all property investors with well managed portfolios will be the main beneficiaries of a resurgence. This investment has to be viewed in the long term range. Foreclosures in WA up, what from record lows - you guys really do not have the mental attributes of success in anything as you must learn to weather storms and stick with your convictions rather than jumping ship at the slightest hint of adversity. Bunch of panic merchants.
