So when the economy falters further and property prices start to get realistic again (i.e. drop a lot), just blame it all, not on the Aussie economy, not on Wall St, not on everyones greeed to get rich or have everything they want instantly, just blame it on the D&Gers. . . .
No, we'll blame it on the factors that cause it like the factors that caused the US implosion. But we don't have the same factors ligning up like they did. I lived there when it happened and saw much of it.
As for the D&G'ers - as was stated - we don't blame them; we simply don't listen to them if they have no runs on the board.
Why?
Because it's like listening to a 6 year old child predicting the weather for the rest of the day - they have no experience at looking at the sky, looking at the radar, watching the wind and temp and the seasons, and haven't been through 2 thousand storms, heat waves, 40 odd summers and winters like we have. They look out the window, see a cloud and say it will rain today, and vice versa. That is their field of experience.
This forum seems pretty unreal, just keep slapping each others backs while we all pretend everything will be fine and all our properties will keep gaining in value and if it all goes wrong, its because of some negative people talking things down.
We don't actually, and if you are not happy with us/it - you can always stop coming here....please - unless you can be constructive and back up your cracked record with some solutions. Just telling everyone to sell is not a solution.
That is the mentality of a trader.
If I'd sold every property I own when someone said the sky is falling over the last 20 odd years, I would not have got to this position we enjoy today. I wish I'd never sold any of them, but sometimes I had to due to cashflow factors, such as sell on PPoR to buy another, and too much neg gearing for the income at the time (operator error) - no other reason.
Come on guys, so someone expresses and opinion that says the property and the money that is worshipped by so many is about to take a hit and you all get peeved by it.
We don't get peeved by someone saying "we need to be careful and here is how to keep safe", we get peeved by no runs on the board alarmists who think the world will end. I've never seen it happen. I've seen people lose lots of money from investing - all operator error.
The latest stock market crash that wiped out everyone - all operator error. Didn't cover their @rses properly, too much margin loan, didn't sell when they had the chance, the finance institutions who took on more exposed loans as investments, lent money to marginal borrowers to get more market share instead of sensible lending practices etc. The list is endless. Greed, carelessness, lack of (investing) education, laziness; are the dangers - not the investment.
I'm a property uber-bull, and even I have been saying for a few months that property
will take a hit this year. But the "hit" I refer to is just a slow down for 12-18 months. Not a massive crash; it can't - we are under-supplied and there are more people hopping off the planes every day
. Don't start me on that issue.
And, you talk like it's gunna be the whole market. It never has , never will be. This simply illustrates and accentuates your lack of experience. Having no experience is not a problem; most are here because we have little and need more, but most with no experience are smart enough to listen, learn, ask questions. They gradually offer advice and opinion as they go.
Be real, if this is all about property and making money, some discussion on those things I mentioned is healthy and relevant.
What else is it all about? You think we buy property just for something to do?
Yoyr version of D&G is just too extreme; we've heard it before, usually from the other forum, and most of those have no cattle under the hat. That's why we dismiss you.
Anyway, keep up your dreaming, nothing will ever go wrong and you will keep making lots of money
Thanks for the concern, but we are all big kids here. The newbs definitely need some guidance, but only from those who have been around the block a few times. Have you?
Come on A, give it a rest.
I've just realised I've wasted 15 mins typing this in your case.