Household income isn't a single income. House prices are at least double.
This is sadly true. Houses are very high compared to incomes, much higher than when my father bought. But the funny thing is the homes of today don't hold nearly as many people in them per the number of bedrooms, and every divorced couple needs 2 houses to live in. That's 50% of all marrages. It's a very odd market the property market. A lot of emotion has gone into driving up the prices, to un-sustainable levels if you consider the big property crashes experienced elsewhere in the world. They occured simply because the economic rug was pulled out. If our rug gets tugged, look out.
There are ancient Roman documents that are the equivalent of newspapers and guess what a lot of the content is centred around house prices, up and coming suburbs, big sales etc.
This is sadly true. Houses are very high compared to incomes, much higher than when my father bought. But the funny thing is the homes of today don't hold nearly as many people in them per the number of bedrooms, and every divorced couple needs 2 houses to live in. That's 50% of all marrages. It's a very odd market the property market. A lot of emotion has gone into driving up the prices, to un-sustainable levels if you consider the big property crashes experienced elsewhere in the world. They occured simply because the economic rug was pulled out. If our rug gets tugged, look out.
Moopsy. Goes into Guest mode to agree with his own posts when the discussion turn to facts'n'figures. Lame.
Isn't that great Frank. You found your clipping that you had kept of your first published whiney bitch letter to the paper. Good to see you haven't changed over the years.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
It's funny I remember coming back from a Sydney auction recently that had gone for 15% over reserve and whining to my Dad that the auctioneer was yelling out at the height of the bidding frenzy: "I've seen a skeleton lying on a park bench as I came down here, it's was the guy waiting for Sydney house prices to come down!'.
My Dad laughed and said that that's exactly the same thing that they were saying in the early 70's when he was looking for his first house.
I still personally think Sydney property's overvalued and about to come down soon though.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
It's funny I remember coming back from a Sydney auction recently that had gone for 15% over reserve and whining to my Dad that the auctioneer was yelling out at the height of the bidding frenzy: "I've seen a skeleton lying on a park bench as I came down here, it's was the guy waiting for Sydney house prices to come down!'.
My Dad laughed and said that that's exactly the same thing that they were saying in the early 70's when he was looking for his first house.
I still personally think Sydney property's overvalued and about to come down soon though.
there's plenty of bear's here that fall into that exact category.
I am the love child of Tony Abbott and Pauline Hanson
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