Hi Kincella, no need to be so bitter.As someone who professes to...

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.