what my good friend queen elpus doesn't realise is that because he lives in a bubble on pluto looking down on us, is that here in the real world, money will not be flowing into property, it will be flowing OUT as people liquidate the hundreds of thousands of ip's bought this decade to free up money now that the stock market has crashed and super is looking rather sick. the deleveraging process will continue to play out as people realise they are not as rich as they once thought. for anyone to suggest real estate rising in australia during a serious recession, resources boom ending and while new zealand and the rest of the world deflates is sheer ignorance. rising unemployment, tighter lending standards with larger deposits, savings history and job security to get a loan is a return to sanity. bye bye speculators trying to make a quick buck.
i see on the news tonight 6000 people lined up for free food from a church. it was once just a few hundred homeless people. they said in 3 months it'll be even more people.
