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booz

2,172 Posts.

27/09/14

12:32

Post #: 14037791
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Originally posted by kingpins ↑

Hi booz

-but prices won't fall.
Sorry, but famous last words
I along with many others do not know when the market will fall but fall it will as it has done through-out history, booms are always followed by busts.
For people who are living in their own home who are not heavily geared and have low overheads and capable of working it will not have a detrimental effect
But for those heavily geared investors, they either sell and get what they can while they can, or lose their shirts.
Also it should be stated that a fall does not mean that the actual housing price will be half of what it is now but more importantly the buying power will show the difference.
Money in the bank does not appreciate in value. If the "value" of a dollar note can only purchase half of what it did previously the sale price does not have to change for there to be a change in the properties value and with governments printing so much money the dollar note must lose it's face value

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This is only the beginning of the Asian Century Kingpins. We're in uncharted territory. So anyone who believes that property in key locations will fall in value, based on the idea that this happened in previous cycles, is in for a very rude shock.
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