australia's very own subprime crisis looming, page-188

With the advent of Keen and Dent and a share paper and Marc Faber and yawn we have had a proliferation of posters who do not hold property come on this forum with their total out of touch ...can not be sustained/affordability ratios/unemployment problems/higher rates. What has happened is Keen recanted so did the publishing co. Dent was wrong 2012 and Faber is an extremist.

So guys catch up with the times and look at property intelligently esp as you are using someone else money to grow your wealth exponentially, at least on ppor. Here goes open the mind and consider. Put $50k in a savings account and see what it is worth 25 years time. Put $50K in a house and suddenly the growth is not on 50k but on the house of $500k you bought. Leverage growth, safe as houses and 25 years there will be no comparison - not to mention having paid the house off.

If interest rates go up / wife has a baby / unemployment goes up and loose the job - deal with it then it will help you grow up.