he mounts a defense later in the thread, doesnt change the fact that his speculation is dodgy.
he was involved in a outfit that devalued around 50%. he obviously didnt see that coming!
i wonder if he has any property in oz? what motivates him?
I heard that prices had actually risen slightly here in Perth at last count
Well locally where I am prices did come down a bit (though certainly not 60%), but I`ve noticed that lately houses are starting to sell faster, though I`m unsure what the difference in listed price and accepted price would be.
I think if you are buying a home and intend to be in it long term and you didn`t overstretch yourself to begin with, it shouldn`t make much difference.
The people who reach the top of the tree, are only those who haven`t got the qualifications to detain them at the bottom.
I regularly watch the market where I live. Houses sell quickly...there seems little diff in the asking price than when we bought 16 months ago though an agent selling a property in my street told me my house was now worth 20k less than I pai for it..I didnt really believe him but irrelevant as like Moo says we're not planning on going anywhere anytime soon.
House prices cannot keep going up sooner or later they have to come down, just look whats happened in the UK.
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