Yep it's all coming together for the "perfect storm".
I am in WA and work in mining, earning a truck load but have never taken it for granted and never went silly with debts.
Now am completely debt free and earning nice $$$$$ with cash in the bank, and all SMSF assets in cash after selling into the rallies over the last 18 months.
Missed the big tip in early 2009 but you cannot get it 100% right on the sharemarket.
Sold out of property at the top though, and feel really happy as I now see all the suckers get stuck in the sand as the tide goes out.
They say a rising tide raises all boats.
The opposite is also true and the bulls here who are planning to "ride it out" will be OK as long as they OWN their properties and aren't leveraged to the hilt.
But I've read on this forum about 1 guru property bull who uses his properties to fund a line of credit for living expenses!
