With a television we know as soon as we buy it, the value drops,...

With a television we know as soon as we buy it, the value drops, as we use the item it decreases in value.

However we have been brainwashed regarding property that as soon as we have bought it increases in value.

There is a disconnect between the 2.

Today a report that english properties have dropped $150 a day for the last month....it goes on to say a lot of people are negative in what they owe..vs what its worth...no-one seems to take into account they actually live in the house.

that has to have a monetry componant. If people didnt borrow to buy a house it doesnt matter what its worth as they get the benefit from living in it, and the profit/loss only occurs when its sold.

When someone has a mortgage it means a lot what its worth...firstly u have to pay interest, then if the value drops you have to fork that amount if you sold.

If people looked at houses like televisions(weak example) and depreciated the value along with usage, a different mindset may occur.
I think the days of double digit growth in properties is over in the short-medium term..in fact we may see a double digit negative..
Our market is the only western world market that hasnt slipped in value in properties...the big question is will we rewrite history, or eventually come in line with the other countries.

Land is what increases property not the dwelling on it.
We actually have plenty of land..its controlled so the masses get shafted...And have to work like slaves to put basics on the table and a roof over the head.