property crash now in dangerous 2nd phase !, page-7

Hi Kincella, no need to be so bitter.

As someone who professes to know about property, you should know that it takes only a small % of participants to cause a spike in price and likewise similar % of people getting into trouble to bring the house down.

At any point in time only a minute fraction of Australia's real estate assets are transacted.

The problem as we now see is that a disordely exodus of owners are bolting for the exit.

Simple - value can quickly evaporate but debt value remains the same.

Question of life and death really.

I can afford to take a punt...trust me.

BTW, it was a penny dreadful called SPH that netted me more than what an average Australian can save in a lifetime.