Quote:
Originally Posted by Unregistered
Another joker
So to recap, current prices is entirely liquidity driven and is not supportable by local salary levels. Every fundamental indicator tells you that the market is overpriced. History tells is that prices can deviate from fundamentals for a time (see dotcom crash where we had about 5yrs of deviation from fundamentals) but ultimately the gap will bridge. It's a matter of when.
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Both of you are jokers!
The joker who said property prices can only go up and up is delusional. History has shown the cyclical nature of property prices. What goes up must come down and vice versa.
The sad joker who tried to sound intelligent by expounding a little bit of market jargon is obviously a non starter - it is safe, easy and terribly cliche to say "it is only a matter of when". When you wait long enough, even the dinosaurs become extinct, and they lived for many million years before that happened