I like your comments. I think we all get caught up in the one sided bear/bull crap.
I am bullish in that I think property is a great investment and definately won't crash, but can appreciate the market is made up of many many markets that may crash. I concentrate on inner city as these locations are and will continue to be desirable. In Melbourne my inner city props have only continues to go up. On the other hand I have a couple of mates who live in the burbs and unfortunately their properties have either lost value or stagnated for the last 6 years.
At the end of the day EVERYONE needs a house at some stage, it is not descretionary. They can delay the inevitable by staying at home but eventually they will need to step up. So we may have a flat market for te next 5 years but that demand will continue to build and yet again we will see property take of as the next wave take hold.
