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RE: Peak Insanity – My phone call today with a mortgage broker.

in #australia • 7 years ago

Cameron Kusher has a sense of humour: "We haven't called the peak of the market yet. We want to see more data, we don't want to jump in too early".

I don't think there's much risk of that. A combined capital index fall of 1.1% in 1 month is significant.

7 years ago in #australia by
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     7 years ago (edited)

    Yes it is, I have spoken to many people over the years that try and tell me that real estate always goes up, I have to remind them of the fact that Tokyo is still after 30 odd years is still only 25% of where it was

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       7 years ago 

      I've definitely heard the "property always goes up" mantra before. The fact is that if there existed an asset class that never declined in value, there woukd be no other asset classes. Where would the market for equities, bonds, forex etc be if there was no chance of loss in housing?

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