I found Garth's blog in Sept 2011. What's happened since then? A whole lot!! It's not as easy to get financing and prices are lower than they were last year. But demand has withered. 70% now own and that number has surpassed where the US was at their peaked. There's nothing you can find that can support another bull run or even a flat run. Many areas are showing bubbly like symptoms and you should take that as a warning. Adjust to the market dude.
Taipan wrote:So if you didnt want to make a fool of yourself, youd only buy at 2005 values. I wait a sec, thats what I just did.
Warren12 wrote:Taipan wrote:So if you didnt want to make a fool of yourself, youd only buy at 2005 values. I wait a sec, thats what I just did.
No, you bought at 2012 values, that's what the market price means.
Meanwhile Sun Peaks property will be selling at 1972 prices.
Taipan wrote:Warren - you have a hell of a long way to go down. 50%. Sorry mate - i didnt cause this. The politicians, bureaucrats and industry did.
The question is, what are you going to do? No point being angry at me.
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