falling into a bear trap

  1. 17,117 Posts.
    considering all the noise coming from the bears....they have very little proof to confirm their predictions are being realised....for some its been 11 years, others 4 years......(they could have paid down a fair whack of the mortgage by now)
    the best they can do, is to use their cracked crystal balls to gaze into the future...
    and offer an odd example here and there of a price drop...
    with 3 examples....out of about 8 million houses in OZ...

    how to trap a bear....drop a crumb here, and there, along a track, and voila ....a gotcha moment, as the bear is snared....(be kind and send him to a bear refuge)

    this forum should be renamed.... 'property bears forum only'
    most of the 8 million or so property owners out there are unconcerned.....
    some of those who put the houses up for sale in recent months....will, withdraw them from sale, unless they got the prices they wanted......
    ps in Europe the split is 50% home owners, 50% renters with fixed interest rates at about 3%....In the UK it was 90% owners, they prefer variable rates, in OZ its about 70%...the latest may show that rate is dropping...back to 60% as in the old days
 
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