welcome to the forum Matt72....initially I did not look properly, and just took you for matt747....
he is a legend on this forum.....as he was predicting.....wait for it...
2010 he was predicting 40% +++++ minimum drops
really I think he mistook the property market for the stockmarket.. but look at the reality, the stockmarket has dropped that amount....from 7000 to 4000.... and the property market did the opposite...it grew in that time
that is why it usually takes time, to save the money, then invest it, in different asset classes...those asset classes all move at different times...one is up, another down, another stable,,,,but all of them have growth at different times.....
I think the new age world participants, had all their, sole total of $500, sole investment, in the one basket, and were expecting that investment to become half a mill...
they would then take the half a mill and buy a house, with cash, no borrowings from the evil bankers required....
it would be so different from the generations before them, over a 100 years of family history, of working and slaving, now debunked, cast aside..... no prudence, for them, no way will they live in the dreaded outer suburbs, where life was easy, and family was king.... this new age tribe , does not do trades, or get their hands dirty...they have a degree, but no experience, or work... but they are so superior , they have a PC and the internet they are guru's in their own minds
who will save them from this 'new age dilema" ?
how can we help them what will it take to turn them around.... what hope do they have....
