Maybe if I keep talking about a major imbalance in the market that is, and has been for a long time, overdue for a correction to reality, people will start to listen. I’m OUT of residential real estate, and have been for a few years now. The downside risk is just too high.
And today, Thursday 26 March 2015, the Reserve Bank has issued a warning that cheap credit has and will continue to fuel a housing bubble. Hello!!!
Just Google RBA cheap credit housing bubble. There are many links to the various articles in today’s news.
Once again, I rest my case.