its an advertisement, made out to be news, they are trying to drum up interest, get the people to refinance etc.......wizard must be hurting, home buyers gone from the market, investors not interested in borrowing........ if things were so bad as he makes out........why are renters paying top dollar, why have'nt they gone out and bought the cheaper houses..............is it a fallacy that we have a shortage of 'latest news' 100,000 houses in oz ?? the prices have already gone down..........where will all those 'new' renters find somewhere to live ??? will it cost them more to rent ??? since he is encouraging them to sell out now........he sounds like a shorter ???? trying to short real estate just like the stockmarket ....... has he mentioned, those people sell now and get out..........will that entice those first home buyers to get into the market........or will they wait for it to go down further........... where will they find a home to rent ????? some are using guides for eg; if the house is worth 300,000 then the rent is 300 pw (not sure how real this figure is) so they give up their house costing 1200 pm repayment, to spend the same on rent ???? if they can find it...........oh and forget about all the fees to swap loans, exit a loan, agents fees to sell the house, etc........then all the extra fees to buy back again, plus stamp duty............ does he really think mum dad and the kids are just going to up and move and change their lifestyle, for something as fickle as the market.......well the gen Y are not home owners otherwise they would move.......... mark it sounds like rubbish to me! cheers
