10m dollar homes is progress? You pay interest to the banks and stamp duty to the govt. Since everyone has to live somewhere, who gets rich? Not you!
Appreciating house prices are inflation too. A person ought to be able to buy a house entirely through savings if they have the patience to wait 10-15 years. Run away inflation in house prices makes that impossible.
Houses are non-productive assets. Inflation of non-productive assets is not an economy. The USA is learning this.
rba should put a sock in its mouth, page-63
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$60.00 |
Change
0.520(0.87%) |
Mkt cap ! $11.63B | |||
| Open | High | Low | Value | Volume |
| $59.54 | $60.22 | $59.50 | $25.48M | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600 | $59.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.01 | 288 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |