Carbonator
Well-Known Member
- Joined
- 30/8/08
- Messages
- 515
- Reaction score
- 1
I know this is a "hot topic", but I got to know the thoughts of you fine folks on this Real Estate "Bubble thing".
Usually, Stocks go down, Real Estate goes up, then vise-versa.
It don't seem to be the case at the moment, as we just had an enormous explosion of Real Estate prices in SEQ.
I have been on the hunt with someone that is "cashed-up" for a property in Brisbane for several weeks and all we can find is Reno Special "dumps" on the market for way too much.
My question is, Is the bubble going to burst (It seems all current sellers are living in Jan 2008 at the moment, not in 2009)?
What should we do? Buy on "impulse" now or wait till the Auction season starts and this will shove a big ice cube up the rectum of those "Reno-Kings" who will see that trying to sell a house to a "little old lady" is a lot harder than it was 6 months ago.
When does the selling market realise that we are now in the poo?
Thoughts!
Usually, Stocks go down, Real Estate goes up, then vise-versa.
It don't seem to be the case at the moment, as we just had an enormous explosion of Real Estate prices in SEQ.
I have been on the hunt with someone that is "cashed-up" for a property in Brisbane for several weeks and all we can find is Reno Special "dumps" on the market for way too much.
My question is, Is the bubble going to burst (It seems all current sellers are living in Jan 2008 at the moment, not in 2009)?
What should we do? Buy on "impulse" now or wait till the Auction season starts and this will shove a big ice cube up the rectum of those "Reno-Kings" who will see that trying to sell a house to a "little old lady" is a lot harder than it was 6 months ago.
When does the selling market realise that we are now in the poo?
Thoughts!