Housing will crash, all the reasons for it to keep going up are as weak as water.
The fundamentals for housing ar the worst I have ever seen.
Spoke to a builder in perth yesterday who has been in the business for 50 years, he says the next xrash will be the biggest in his lifetime and the market is full of dreamers who know nothing about value, most have never seen a bear market in property.
Looking forward to the next recession we have to have, John Howard will be remembered for the biggest debt crisis in australias history.
Tis only a matter of time.
Most here will defend property values like they defend stocks they own regardless of value.
Pull up some charts on AUS property prices and the tech boom, or the 80's japanese property market where thye at least had a land shortage to justify the boom.
Its not if but when.
Housing will crash, all the reasons for it to keep going up are...
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Last
$60.00 |
Change
0.520(0.87%) |
Mkt cap ! $11.63B | |||
| Open | High | Low | Value | Volume |
| $59.54 | $60.22 | $59.50 | $25.48M | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600 | $59.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.01 | 288 | 1 |
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| ASX (ASX) Chart |