Originally Posted by
Skol
Maybe, but let me give you an example of the property boom around here.
Small 3 brm boxes, 1 bath, say 80sq,m., fairly run-down houses built in the early '70's in the dairy farming days not far from here are selling for $500-$600K. If you want council sewage and water on, then you pay another $20k. Most sell before they get to auction.
My neighbour's house which he had to sell after being caught 'in flagrante delicto' with his wife's best friend recently sold for $2m. The purchaser didn't even negotiate, he just signed.
And you're telling me armageddon's around the corner? LOL
The next boom will be over and you'll still be sitting on heaps of silver.