housing prices, page-26

good points javanco

but you are wasting your breath, some just dont get it

even if house prices go on to make new highs in the next ten years the property bulls wont understand that it will be a bigger bubble putting our economy at an even greater risk

its sad really, the only beneficiaries of this are people who loaded up on debt many years ago and have cashed in their huge gains

by all measures its simply a ponzi scheme facilitated by extremely poor government policy(NG and tax on savings) and easy credit

the day of reckoning may not be in 1,2 5 or even 10 years, but if we keep increasing these personal debt levels it will be inevitable.

The peak of maximum debt saturation is still a bit of a way off yet, but I dont think the RBA will allow us to be dragged down to zero interest rates just to put our economy on life support like other countries just to benefit the over-leveraged in favour of prudent savers