Robert Gottliebsen of the Business Spectator http://www.businessspectator.com.au/bs.nsf/Article/A-day-of-no-hope-JXS9M?OpenDocument&src=sph has been quoted this morning 'All buyers of property should understand that the fall on the share market will be followed by a steep fall in property prices – although there is normally a delay – because the money to fund the current level of property values is no longer available'. Whether you're a home owner with a mortgage or one who's seeking to get into the market it really does not matter, because you would very much likely to find yourself without a job within 6 months. No one will be able to buy or maintain their mortgage without a steady income. The worst thing that could ever happen is deflation - http://en.wikipedia.org/wiki/Deflation
