Square Rooted

Been having major problem with the PC this wkend.....So a brief post is all I can manage today.

Basically, the world is having this big debate - is the "recovery" for real ?

The answer is no one knows. BUT I find it interesting that, according to a recent survey, quite a few economists in USA are forecasting recovery in 2010. And a new popular buzz word is " square root". If anyone tells you they know what the answer is, don't believe anything he tells you. Afterall, these same economists did not forecast the current mess in 2007/2008.  Guess we will just have to wait and see.

In the meantime, you have to be living in a cave to not realise the Sydney property market has become a bit more chirpy. Vendors are now comfortable to push up their expectations that little bit. The bottom line is, if you end up paying the asking price without haggling, I suspect you won't save too much relative to the peak.

Quite amazing how Australia can manage to navigate this mess so well......

As to where I stand, I am having second thoughts but suspect the same square root analogy applies here. And that is if we are lucky....Guess I have been "square rooted" by the LNS property market again :)