is property headed for disaster or stagnation?, page-168

lets see..
median wage around 50k or so, median house 500k= affordable,
back to 80's same house 40k, were wages same proportion ie 4k pa? yea you old codgers expect young ones believe that property is not a rip off, not many falling for it, in the 80's new home buyers made up 90% of the market, now only 10%. only buyers are old investors off their face on the 'viagra' of RE. negative gearing.