17 July 2006

First Article To Mention Lower Prices

Sound the alarms! Here's the first article to mention...gasp...lowering hice prices!

Time for speculators to cash in?

Typically, there is a higher probability that an investor will sell his property when the market is expected to decrease than that owner-occupants will do so. This, of course, will exacerbate the cooling off in the housing market


Every single 'investor' who bought in the last two years just crapped their pants when he mentioned the word 'decrease'.

This is the best quote though:
The current lull in the market is temporary and will pick up towards the middle of next year
"This time it's different!"

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