Property price

People are not thinking with their head!   The tumbling stockmarkets around the world are a major sign that something nasty is going to visit the property market.  There is a cycle.  Yet, people are moving money from equity to property, encouraged by low interest rates.  House prices have been shooting through the roof and idiots are bidding way over what they can afford when interest rate rises.

When the stockmarkets crumble around the world, there is less money available for people to buy property so eventually the cycle will depress real estate prices.  I hope we don't have to use tax payers' money to bail out those idiots who are taking up huge amount of debt currently.