"The fact that we have reached a point where dual incomes have pushed the prices of housing up to a point where people can't buy their ideal home right away now is simply a market adjustment that has happened over time"
Can anyone else see the irony here? If one person working could support a family, and now two people working are struggling, what do we do next?
Send our kids out to earn money?
These house price rises are nothing more than another ponzi scheme.
Those that get in early, and are able to extract their money out before it collapses, can and will make huge dollars.
Those that enter late, or get caught when it collapses, will get burnt.
Remember the Golden Aeroplane game etc. that were running around the place years ago?
Same mass hysteria at work here. Mass panic will produce the same effect, in reverse.
There will be a property price collapse in Australia of Biblical Proportions. It's coming. I don't know when, but I am sure it will happen.
