Shares have been going in that direction for a while now and property has by and large remained resilient. Reason why it is resilient is that we are not panic sellers and we have to live in these houses, there is a shortage and I fail to see the connection.
The scene is being set for property to be in favour with every drop in the Dow or ASX - can't trust economists, boffins, crooks, mismanagers, sheer misery being caused by so called educated miscreants. Thank goodness houses can't be shorted, traded on the futures markets, manipulated by greedy people. What a cheek some posters on this site have calling us greedy - finance industry has a lot to answer for - at least we provide a service - and hey you doompatrollers we are very comfortable with property. May have dropped in some places by 6% in a year - shares can do that in 1 day.
And you would be experts don't count on a share rebound in the forseeable future - it ain't going to happen and when things stabilise guess who will have collateral to borrow to buy shares? Thats how you do it guys - with real assets.
You see the problem with the world is the shonky finance deals - not property - they used property to feather their own nests - fortunately our system is different and well managed. This time it will not be different and as time goes on it will increasingly be in favour and conditions like rate drops will see to it as will petrol price drops.
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