The cook very well written.People are going way too far...

The cook very well written.

People are going way too far overboard. Unlike any other asset class why do many people who invest heavily in property expect it to continually rise which it has of recent times. Sharemarket rises and it crashes everyones happy then pissed but we except. Property it rises, rises, rises yet is still great value???. Not true. Where I come from workers in the town in big stores are being slashed to 4 days "cos its simple supply and demand" and there aint no demand. Wages are not rocketing, money is harder to get. Rates will rise heavy in next 5-7 years.

Agents send out notices that rent is going up?? On tv as the cook pointed out the public is broadly being misled. I am worried for the property market and currently I rent but in the click of a button when she falls hard ill be waiting. And yes I am prepared to wait as this run will not continue. And dont even start with the next run of 09/10.
very interesting thread though people, thanks