grinding it out., page-32

Interestingly my wife who manages one of the large fluffier organization in Oz, a regional arm, a portion of what she manages is a few people who financially consult for the organization, being a not for profit organization has nothing directly to gain or loose through the advice given.

Anyway this last year/8 months has seen an EXPLOSION of people seeking financial advice on what to do about their tanking property investments/situation/returns and also recently purchased (last 8 years) their bank owned/loaned personal live in property in many cases.

The original housing bubble Ponzi scheme/chartist type rally saw TYPICAL regional areas prices increasing because it could based only upon city prices and their identified disparity...the dog firmly wagged the tail in this senario.

Today as a reversal increases pace the tail will now start to solidly wag the dog and it is doing that already, now that the overtly high asking price V time, psychological aspects wane for the vast majority.

It's increasingly a bears market and more so as people see through the smoke and mirrors of any INDIVIDUAL investor in property actually seeing any worthy capital gain in the next 6-10 years.

Didn't come soon enough IMO, the country has became an utter disgrace, with basic family housing the pinnacle of this.