prices slump in all the best places, page-3

Dear A1, not sure why you are so negative about property. Hate to say this is that property does go up and it does go down, however, over the long run it has maintianed growth which is above inflation.

You seem to be looking at property, and analysising as if it were a share. prpoerty is a fundemtal neccisity in life to provide shelter and protection to a family. If you are single, this is not a proirity, but to a family, it is, and that is why property will always be in demand. If in times of uncertainty people are forced to sell there are buying opportunities, but A1, you like some other such as th emulti-nicker pennyo, seem to have this unbelievable faith in stats and support the views of perosns such as professor keen and others who are believing that australia will suffer similar falls as expereinced in the US/Spain/UK etc.

And there have been falls of significant amounts in the western suburbs if sydney, but them i dont many people would like to live in these places anyhow.

But to expect wholesale falls is wishful thinking as forced sellers are not an issue as we have a shortage of houisng, very low vacany rates, lowered interest rates and the high transaction costs of getting in and out. But things may change in the future. So A1, not sure whether you have an extreme view as you dont own a home and a bagging property for your sole benefit and trying to change peoples view about property to create some socialist state.

and there are stats and there are lies, and sometimes it is hard to work out the difference.

also keep in mind, the current cost of renting to owning, even with the risk of a fall in prices, is moving to owing rathing than renting.