Quote:
Originally Posted by space oddity
THE BUBBLE MUST BURST sometime, and then, when everyone else is bailing out, you( and sleazebags like me) can pick up the pieces of the broken dreams to build up our real estate portfolios.
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Yeah, as Peter Schiff says "allowing entities to go bankrupt simply frees-up assets, which then flow naturally to the people who can properly control them"...a great opportunity for first home buyers I say; breathing space and an opportunity to actually get into the marketplace.
Space oddity really hits the nail on the head here, "point to a hold out situation". That's the worst thing that could happen, a second artificial inflationary period where everyone thinks it's nice and safe and leverages back up again. A George Foreman Rope-A-Dope for the Australian citizen.