A couple of years back the TV was full of renovation stories and...

A couple of years back the TV was full of renovation stories and bragging housewives who had been to a property seminar and set up a $10m property portfolio using one weeks shopping money as a deposit.

Obviously they are all bust.

So where are the balancing truthful stories showing us what fools they were and explaining that the consequence of greed and stupidity is bankruptcy, loss of everything and a bad record for ever.

So much for truthful reporting.

I have never seen so many lies as those presented by the politicians and the press, particularly with respect to the property market.

When property is sold on an open market like shares we will see that it's value is not even half of the current prices.