property blues

This governemnt shi*s me, and all the people with vested interersts just talking the property market up.
1. FHOG sellers inflating prices
2. FHOG buyers borrowing over their budget
3. FHOG home owners have tied up their money for the next 30 years ie no more spending or saving in a market where their capital returns will deminish. How are they going to stimulate the economy with no spending power.
4. Unemployment has been forecast to hit 10% by early next year.
5.Just wait until the interest rates start going up. The banks are already aligning their longer term fixed rates for the rush.
6.Stock market currently in overbought territory - ? dead cat bounce
7. Baby boomers on verge of retirement

Because of the FHOG I have been able to sell my property for a very good price in a gloomy marekt and will have spare cash to pick up bargains when it all turns to Sh*t