just a reminder, that simplisitic message that once the fhb grant was reduced, there would be open slather in the market, prices would drop, and hence nirvana...
since only the kids were buying...no one else.... greedy sellers were cashing in etc....
bad advice is always bad....and shows no knowledge of the market, nor how the investors or buyers plan their entry or exits....
there are loads of investors like myself, who were prepared to let the kids have a go, give them a chance to get into the market, we would not compete against them, we have plenty of time, they do not....
our entry into the market would follow, after the grant was reduced, we would review the progress of all the promises by govt, and review many other factors, before making our next moves....
back to the real world.....lets see about interest rates come Feb and Mar 2010 so many opportunities out there....new homes for around 250k, or beachside, or where new infrastructure is taking place, granny flats...etc etc etc
