world markets about to collapse, page-32

re: property about to collapse (not the markets) zezmed, why if there have been no problems in the last 20 years certain events have occured.

Around the late 80s when the property market crashed I know people in high end suburbs like brighton for example that bought expensive houses, and only got their money back 1-2 years ago. Did these people pay too much for their house?

Everyone is in love with property because

(a) they have an interest in it
(b) it keeps going up

If property suddenly goes down for eg. 10-15% will people think its so amazing as well?

Also, there still seems to be a lot of apartments being built in Southbank, docklands and other areas. Where is the slowing of new buildings, and will there be more people around to fill these in 2 yrs or so when these are finished (though nowadays they seem to finished them in a few weeks once the concrete frame is up)...

Who is going to fill the 88 floors of eureka, freshwater place.

Remember the high vacancy rates of inner Melbourne in commerical property in the last 20 yrs, residental in these areas is heading into the same direction.

I don't mind, cheap property is good property :)