Each time a post is put on this forum that provides facts highlighting that the market is due for a correction, there seems to be a reflex action not dissimilar to the patients knee to the doctors hammer.
UT your line that the bears state: "property bad ... must come down" is ironic in its simplicity given the nature of detail that I and others have been providing.
How you can classify statements from the RBA and the IMF that we are potentially in a bubble as spam is interesting.
I have been posting of late, as I have been a bear for more than two years and am starting to see that it is coming to fruition, so it may be of some use to those who are considering buying their first home.
If you want to stay in property great, I am not advocating you sell.
Property is not bad, it is a solid investment - at the RIGHT price. Tell me would you invest in bank shares that were at twice their historical P/E ratios paying out a dividend of 2-3% when their growth prospects were looking flat.
By just countering with they are wrong or it is spam is churlish and hypocritical. How about some facts and reasoning ??
