the economist and the housing bubble, page-54

re: the economist and the housing -sue I do not know what tea leaves you are reading but house prices are not going up any time soon.
1.The gray rinse set are not in a position to retire as 83% of them have less that $12000 a year to live on for a 20 year life span. They also make up 30% of the work force.
2.As an investment you should get around 5-6% return at the monent you are getting 2% return so one of two things have to happen. Wagers go up 2 fold or property goes down 50% at mininiun.
3. Interest rates are going up big time you have not seen anything like this since 1989 when interest rates were 18% so hang on for the ride.
If you do not understand go and have a look around and see what deals you can do on property in Sydney, Melbourne or Brisbane