why is it the bears always throw up long term "affordability" and wage/ price metric...ie: the ol 3:1 furphy...
yet with this new trigger for a crash, they are going wild over 6%
The 40 year unemployment rate average is around 7%.
Have a look at the charts and stop being so myopic.
4% unemployment is structural, you virtually cannot get lower.
If you don't see 10% plus, forget about property prices being affected.
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unemployment continues to rise, page-40
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