troubled zones of melbourne, page-11

"That takes me back to my Value/Price argument.

When you ask people what there house is worth they'll tell you whatever someone's prepared to pay for it.

Thats bollocks. Your presuming that everyone buying property is making a sound financial/investment decision and that they are not paying too much for that particular property. People make stupid decisons with money all the time, buying on emotion rather than sense.

For example, remember the dot.com boom on the sharemarket?
there was people paying $5 per share on company's that had no earnings, no product and no profit.

Ludicrous behaviour. Kind of like the stuff we're seeing in Dandenong right now."



that kind of arrogance "thats bollocks" is also misleading as you are assuming you know better than everyone else making the actual purchases or have done so already - you probably said the same thing 2 years ago when prices were at the bottom? why on earth do bears keep comparing the property market to the stock market? - and now we get a comparison to the "dot com boom" thats bollocks right there.

yeah right,
just the same cook.

just like dot.com stocks of 1999