Remember the property bulls counter-argument of: " if prices fall, we'll just buy more " ???
It's a deadset myth.
Perth prices down 11% since the start 2015 and no sign of slowing. Median priced home losing $1000 a week. Where are those asset rich bulls and why aren't they buying more? Why hasn't the market stabilised from all their purchases?
Amazing how unattractive an asset becomes when you're paying interest and losing value at the same time.
Thank god for the Melbourne and Sydney population Ponzi.
