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Scary !!

Discussion in 'The Economy' started by Johny_come_lately, 1st Mar, 2010.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    "Experts predict there is no end in sight with property prices headed even higher, even on the back of interest rate rises"


    "Australians have taken the lessons learned through the economic downturn and have decided this time round to put their money in property ... it's encouraging and its good news for buyers & sellers alike."


    1/3/10 Herald Sun.
     
  2. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Hi,

    The quoted comments produced polorized comments to the Herald. The Gen Y saw it as a struggle to own a house. The speculators saw it as a way to make a quick buck.

    When I read the comments, I felt a bit uneasy. Expotential housing prices will meet a critical height failure. I don't know when, but nothing goes up forever. My mums house has increased 300%. There is just something that doesn't feel right.

    Don't get me wrong, growth is good. Its just the Rate of Growth that people expect. As for a bubble bursting; 'It will never happen here mate!'



    Johny.
     
    Last edited by a moderator: 1st Mar, 2010