Short DAX at 7740

Quote from JSSPMK:

Yes, property is overvalued, so many people can't afford to get onto the property ladder. We have recently lost £20k on a property that was purchased off plan, we sold in time as now these flats are being marketed for £90k less than the original asking price, imagine that for negative equity! And they weren't overpriced if looking at other similar properies, simply demand went out the window and builder marked prices down together with estate agents. Government keeps saying that housing sector still short of properties, what they don't say is that property IS NEEDED AT PRICES PEOPLE CAN AFFORD!!!
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I have always to laugh when people are refering to real estate as "conservative" priced markets in observance of "extremely volatile" stock markets ! Ha, ha, ha....:D
 
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