the cure for high prices is high prices, page-36

I said you can pick up certain properties for .20c in the $.

Most properties will fall by at least 30 to 50%.

The better houses in the better suburbs will fall the least and the ordinary houses in the less desirable suburbs will fall the most.

I well remember the last serious recession in Melbourne back in the 80's.

A beautiful building at 333 Collins st was built at a cost of $1 billion.

Magnificent building, prime location (none better than Collins st Melbourne)state of the art in every way.

Sold for $200 million.

.20C on the $.

Amazing how it happens but it does.

No different this time round.

Or maybe it is,this time the debt levels are higher.