housing survey, page-31

mr steve, you have taken over the thread pushing your ideas alone, a forum is for everyone to discuss their ideas.......some notes for you.......some old run down properties in inner melb are worth 1 million now....... a lot of them are above the 1.5-2 mill mark.....
a lot of prop owners are like me, only 50% loans to market value, some even pay cash...........the first home buyers are realising its better to buy then spend all their money on high rents.........
there are other advantages in buying.....its not the money,,,its being able to change the house to suit you, not having to move if the landlord changes his mind and kicks you out, close to schools for the kids,,,,,,,a million reasons to buy;;;;;;
and I am a baby boomer.......went thru the 18% rate period, held onto my house, worked longer to pay for it....it was our home..........have over 40 years experience in owning and investing in property
YOU must be a renter or dreamer or a bit silly like all the others waiting for the prices to drop
actually they will drop in places where it will be drought forever, no work etc, you can find plenty of them in outback australia, 100 klm drive to the pub
good luck anyway
stop knocking those who are involved and understand the market