they did mention in the article that it is from some property investment mob that their reader "mark" has served them with...
"In fact, Money Morning reader Mark also forwarded an email from a property investing outfit in which they made the following statement:
"Currently Perth is $466,000 down from the June figure of $680,000. Rents are now starting to climb in Perth."
That's about a 31.5% fall. Slightly more than the 6% fall in property values that the ANZ Property Outlook claims will be the average decline from the peak....."
i'm not paying that much attention to those details(how much down or how much up or how quickly...)not with perth anyway....
article is good from philosophical point: "Remember how many stocks were trading at historically low price to earnings (P/E) ratios?
That didn't stop the stock market from falling by half."................or...................."Just think about the point above again, why should a house that was worth $200,000 in 2003 be worth $700,000 today?"
you guys are arguing details while there's bigger beef to deal with within the rows...
