Anyone that thinks that a 40% crash in the whole property market is going to happen in Australia over a very short period of time is completely deluded. At best relative value may go down over then next decade as a result of inflation to the equivalent of 40% through price stagnation.
"It's all downhill (and rapidly so) from here.
Lets confirm in April that 1Q 2010 is the beginning of the end." Sounds just like that Edward Karan fellow who keeps commenting on news.com.au stories. Now he was predicting the tipping point to be Qtr1 2008 if I remember correctly - been and gone.... your other alias's wouldn't be Edward would it? Since you have so much conviction having picked the bottom of the share market to get in (more likely sheer luck) you should make a public statement via the media then bet 50% of you fortune at Crown Casino that all housing will have fallen by your 40% by date x after all it be a sure bet for you and you would have nothing to lose would you!
