A.I.M. Users Bulletin Board

[Neil Scott]

Hi Tom,

It's very interesting to hear the stories of 1987 retold by the 'old timers' just to keep in perspective the mild downturns that we have had since then.
Over here the bullish news (or should that be bullshit news) comes thick and fast about how well things are going and how the boom will last indefinitely but they don't mention the chain reaction of US downturn = China downturn = Australia downturn.
House prices are reaching new highs and at are all time affordability lows but people just extrapolate it into the future . I must admit it does set me on edge when I see house prices keep rocketing up by +12% per year, at the moment I'm renting and have to resist the urge to capitulate and pay a crippling price for a house.
The people who are laughing are the retirees who are transferring the wealth of the younger generations into their bank accounts when their houses are sold.

I did the interview thing on Monday so hopefully there should be an article mentioning AIM in a future edition of Smart Investor, I'll post a copy if it appears (and makes any sense)

Regards

Neil