I was reading somewhere the other day that the US property bubble peak was where median prices were just under 5 times average incomes. Now I know there are differences between ours and their markets, but it certainly gives some perspective.
I cringe at seeing the debt levels being taken on now, but then again, 15 years ago I still couldn't believe what FHB would take on in Sydney watching the real estate shows on tv like hot auctions etc. Safe to say the numbers of FHB taking it on are well down now at record lows, and I doubt all of them are by choice, some just may never save the money for the deposit.
- Forums
- Property
- cost of emotional blackmail
cost of emotional blackmail, page-2
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online