is the tide turning, page-15

my 2 cents worth....interest rates are too high, otherwise there would be a heap more money into property...
the max I am prepared to pay for interest is about 7%
its all been a huge con job by the banks.....their profits are up over 30% even after the sub prime con job...
they do not pay higher rates......they borrow overseas because the rates over there are lower
australia has the highest interest rates in the world....
so I will sit on my props like a lot of others, will not buy more props until rates come down....
now the question is who will provide the shortage of housing, now the normal investor is out ????

hardly anyone....so houses will rise, rents will rise ....