i dont think the wider population are property bears. its still...

i dont think the wider population are property bears. its still quite the opposite. i think its the blind optimism of the general population in the face of obvious fact that frustrates property bears into voicing their concerns on these kind of forums and thats why they seem to proliferate.

Perth is getting absolutely smashed there is no doubt about that and it is the most economically sound state. even someone who cant read can earn 200k over here if s/he puts their mind to it. the question is why? and the answer is credit growth. the whole ponzi scheme has come to a shuddering halt as banks have lifted borrowing standards, FHBG over and interest rates rising. the party is over and as people and large developers get burnt the fire will fuel itself.