property will it follow the asx, page-26

Yeah Guys,

I think really it's just a matter of commonsense, like any asset really.

Property has run hard so just like a stock in similar circumstances you would probably more likely be thinking of selling than buying. (Talking investment property here, apples with apples etc.)

Same to a certain extent with 1st home but focus goes to gearing. (If you cannot afford it you cannot afford it besides mum's cooking cannot be over rated.)

In saying the above I think this boom has more legs than you give it credit for.
Remember most people buying hard now probably don't read nickoo's posts so are largely uninfomed.(lol)
They only ask 2 questions;

How much will you led me - heaps mate.
Can I pay it off - No problems mate interest rates are soooooo low.
This is coupled with an emerging enviroment of leverage sophistication off household equity being targeted to the masses (or should I say mob.)
So the degree of self fulfillment will surprise.

Anyway I would be looking at decreasing debt not increasing it at the moment.

Rob.