hmmm, lets see... 5 years of GFC, the stockmarket finally making small gains after losing a massive 40% from its high.... and there is property still holding its value.... in the midst of all the crap of the financial crisis, the property market has remained stable... sure there have been pockets of growth, and the uber rich taking a hit....but for the average home, it has retained its status, of the safety of bricks and mortar
what many do not realise is the billions spent on renovating the existing home, as families twiddle their thumbs and decide not to upgrade to a bigger better home
you are kidding yourselves, if you think the banksters are not going to lend to housing, as they did in the past
that is where the bulk of their income is derived, and they are not giving that away without a fight
there is a pent up demand to return to the good old days but I doubt many of the bears will be in a position to get in on the act it is obvious from the map I posted last week, there are plenty of affordable houses out there in the suburbs, only 3-4 times the average wage. and in this article, only 1 in 10 of the olds are moving into care accommodation the boomers are nothing like the olds of the past... they do not dye their hair blue, and take up residence in a rocking chair once they hit 65 it might pay for some to actually open their eyes, take a closer look around, instead of assuming we are still stuck in an 80's time warp
