Well based on the fact that the survival of our society depends on there's I'll stay on this side of the fence and fight to the death
Fair enough it was a generalisation. I lived in London for a few years and I can say it was nothing like the rest of the UK. I think New York is much the same in the US. If you take out New York and Washington and take out the cities that did not experience huge gains I think you'll find there was a crash. As you say, it needs to be clarified further. This is why I'm a bit skeptical that Sydney might suffer severe drops but really have no doubts about the rest of Australia, and in particular and relevant to me, Perth. The huge gains in the last decade are not supportable and that's a fact. And don't worry I've profited hugely so far from getting out of housing 2 years ago and into PM's. EDIT: I should also say I've never seen the absolute obsession and dementia when it comes to property as bad anywhere else as it is in Australia. This raging hot mindless love affair is not what long-term healthy relationships are made of and is going to result in a very, extremely nasty break-up. Just a prediction, take from it what you will.
Averages are the most BS statistic. A man once drowned in a river that was, on average, 6 inches deep.
Not quite. What I am saying is that the entire market is a ponzi scheme, kept alive by a very active and prominant propaganda machine. Like the fiat system, it's all a confidence game in the end and as long as the masses still believe the lies, they can end up becoming self fulfilling prophecy. I take all data with a grain of salt, good or bad. But there is no doubt in my mind at all that the entire market is riddled with liars in all circles. However, there is no denying the ridiculous state of our market exists and the numbers which support the market exist. I personally don't believe for a second that we're different here because we have koala bears and kangaroos. Economics is economics and whilst the climate can alter, fundamentals will still remain the same.
My apologies. Not a great example. Nonetheless, generalisations are extremely difficult avoid. And yes, some generalisations are absurd.
Hey Load of Bullion, You should change your prediction in your signature from $55.50 AUD AG by 11/11/11 to $55.55 AUD AG by 11/11/11 Dont you think?
