I am Sorry but I disagree with you posts & the points you make. Yes - Real Property is an asset class (for those that want it to be)
But it is, & has traditionally been a lifetime asset OR a house is a place to make a HOME.
In my opinion, Some unscrupulous/Realestate/developer practices & other factors, have created the most un-realistic price bubble for property in the world!
It is the efect on those wanting to have a home, not an investment asset, that have been most affected...
So.. if the snout gets caught in the trough- well so be it, so that your "real wealth creators" pay the piper- and many of them very very soon.... bring it ON.
