property crash here we come, page-10

You are 100 % right stocko.

The Reserve Bank have been totally derelect in their duty to contain inflation. By allowing house prices to double in the last 3 years all they have done is to halve the purchasing power of the dollar.

It has encouraged massive non productive speculation and permitted levels of borrowing not seen since the Whitlam era.

When every man and his dog thinks they are a property developer the danger signs are clear.

The next level of TV programs will be Bash the Bank or Blame the Tennant as the mug borrowers look for someone to blame other than themselves.