my housing price rant , page-7

Hey Sharedawealth ,

Nothing like a good rant occasionally !

Seeing as your view is that property is a no go zone for up to a decade I wonder what you would recommend as an investment class in the meantime i.e. what are you going to do with your money ?

While I don't share your view that we are heading for a crash I would agree that we are in the lower point of a cycle.

The usual supply and demand dynamics still exist so the investment clock principles will generally apply.

I like to talk to people about the real estate in their area. Generally it seems that good property has been going sideways for about 3 years and takes quite a bit longer to sell. Sure there are bubbles bursting in apartment gluts but for the normal average section of the market , it seems quite stable. The banks are reporting that Australians are saving at unprecedented levels. That combined with lower interest rates tells me that in a few years people will have rebuilt their equity levels and the upcycle will commence.

I'm tipping that will be sooner rather than later.