re: if housing slumps, how safe are you?/short We all know...

re: if housing slumps, how safe are you?/short We all know Shares can be shorted.

Property can not.

If it could, the average property in Australia would be worth significantly less(read 20%+).

The property boom is over for now & a long , long time.

Sentiment changed many moons ago.

Growth is to be limited to small pockets nationally with my pick, Mining Towns.

Falls are expected to continue elsewhere.

Why??

Besides sentiment turning,

YIELD.

Yield for property investors is STILL currently way below ASX stock average, Bonds & even CASH.

Do your own research & you will understand.

Personally,

My views on property prices 2+ years ago (-20%+) caused much friction between me & many friends & family.

"house price never go down"

they said.

Well it's a fallacy in the ilk of the Easter Bunny & Santa Clause.

2 years later NOBODY brings up the fact I sold out of property to get into the sharemarket.

Blah, Blah, Blah(grinding the axe).


I live in Sydney, my property expertise is localised there.

Yield, affordability, value.

It's not there.

Property price corrections (lower) will continue.

I wish you all the best.

Cheers