And now the rise begins again !

Yippe-Ki-Ya said:
keggahz said:
I'm not denying property prices will drop out west and rural areas, however wealthy areas in sydney and in the city will not drop as people will pay big dollars to live by the water and close to the city. With population increasing houses are getting knocked down and units are going up- houses are becoming less around my areas which is jacking the prices up.

I will believe you fellas when we have to lower our rent, so much for silver dropping like a ball, lucky i sold up at $50- as far as I'm concerned you boys can analyse as much as you like, but its all a guessing game- it's gambling. Property has proven (IN THE CORRECT suburbs- you must do your homework) to be more stable

We are only just seeing silver manipulated... I think I'd prefer to have my money in property than silver right now- especially after silver taking a 20% drop- houses in my area have not decreased 20%!
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LOL!
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keggahz.... you only ever realise a loss if you sell your silver or house or potatoes OR whatever. meh dont know why I am bothering. If we have people around who read silverstackers forums and STILL think housing is a way to go now, then I know we aren't done with the increase in buying power of silver yet - AGES to go.
 
by the way.. go offer a florin for a coffee or newspaper. If they take it, you know it's too late to get in. If they laugh at you, go to your dealer and buy another Hummer.

Property is GREAT if you have a full time job and a shitload of savings. If you are one of the MANY struggling families who have to rent, then you know where I'd point them.
 
I'm a property owner ,accept it's going down/crash but have decided to run this through...to hedge my choice, I released equity to physical in which I get caught with my pants down can be converted to Fiat and keep the wheels moving...there's little risk here as physical will minimum keep with inflation.

Depending on what the interest rates go to,I might be able to limp by for sometimw - mean time making profit's from the 'hedge'
 
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