No, I am not a first home buyer. Haven't you heard about "assume" making an as$ out of u and me?
Your argument is nonsensical, and shows a pretty poor grasp of fundadmental economics.
So if prices fall 50%, a first home buyer is still "worse off" because propety investors can afford more then them? But haven't prices fallen 50%? ..VERY interesting concept. If I was a first home buyer, a fall of this magnitude would make interest rates a much smaller concern than they are now, and (I feel a bit silly for pointing this out)that's because my mortgage would be HALF THE SIZE.
Check it out: what's the repayments on 500k at 9% versus 250k at 13%, 5% whatever.
How about a bit of unsoliticed advice to you?
Stop assuming you know the personal circumstances of people just because they are bearish on property. It's ad hominem, nonsensical, and makes you look like a goose.
