mate, telling everyone house prices will keep doubling and will be out the buying power of everyone is doom saying. you are the doom sayer.
saying house prices will correct and come back to the norms is extreamly positive for everyone and the comunity and economy and generates jobs, the only people it hurts are those who invested in a chart they think will go up for ever.
loaning on two income for a house is not perfectly acceptable, its extreamly stupid and extreamly dangerous for so many reasons, for example - there is now the risk of 1 in 2 jobs that could be lost or cut back on - one could get ill - one could get pregnet
all highly probable
apparnt from the fact this is whats bidded house prices up to unrealistic levels.
when you borrow money for a house, you should not be spending more than half 1 income. and you should only borrow a house you can pay out on if you lost your job and got another job you know you can get at a lower rate.
this should be typical and standard practice, it always was until 10 years ago when the banks started pushing out credit as hard as they could
