Compare the irrational exerburance of the property market with the tech boom.
There was was no cataclysmic event that caused the tech bubble to burst, it was a case of first out best dressed.
Interest rates remaining low will not be the savoir of the market for house prices, record rental properties on the market that are not being rented will cause the housing market to take a tumble.
Falling yields from rentals and a stock market recovery will smash the housing sector, especially inner city.
Stop and think about the rational for a minute, why did house prices jump so quickly and so high?
Is it because of poor satisfaction with other investment vehicles?
The wheel turns and as it turns it burns.
I would be selling all property, cashing up and waiting to buy blue chips towards the end of the Iraq saga, or then again the North Korean saga.
Anybody that is buying investment property at this point in time has rocks in their heads.
