the price of the average home in my opinion is directly proportional to how scary the loan is
can you imagine the average person on average income walking into the bank looking to buy just the average home in an average suburb in ten years time and signing a 900k loan contract? (with 10% down)
upgraders/investors can only drive the market so long
also in the next ten years a lot of really cheap homes are going to be built and the average price will drop as the turnover is in the empty nester/retiree/downgrader market buying a cheap retirement village home away from the city
the only way to get rich through real estate is to eventually downgrade to free up the cash
I dont see banks being too keen any more for people to get loans against home "equity"
