lastest from the professor you love to hate..., page-20

"housing can not win in a recession"

Redmond, i suggest you look at the previous two recessions, the house prices rose 20 - 30% in the year of the recession...

Money flows from shares to deposits and bricks and mortor -ie houses.

Seems hard for you to view what is about to happen. Can't you see that property is the most stable investment long term due to the fact that the Government will always do all that is possible to support their value?
Still a lot of interest rate to play with!!!

To buy a house now worth $369,000 the repayments are $375 per week. Why on gods green earth would someone be silly enough to rent??? If the rate falls another 1.25 basis points then we are looking at $300 pw!!!!

Buy now IMO before it is too late. RBA will not rise rates until property is on the rise for a year at least..

Then again, you anoy me Redmond so i hope you don't buy and continue to down ramp property when the prices are rising.. That will show you how idiotic your views really are!!!