Once again Steve , you are demonstrating how little you know about property .
And Geez , you're hard to please . You whinge about a chart being too short and then you whinge when I post one that's too long . Given that you're a financial guru . I'm sure you have access to really good charts .
Why don't you post one ?
Next . You clearly don't understand the relationship between wages and inflation . Wages are the only thing that drive house prices ? How about demand i.e. from international investors ? How about employment and economic activity . Did you miss the mining boom ? Just some of the many factors that contribute.
" and house's dont grow bigger." Really ?
" That is why the cost of housing stays the same decade by decade and doesnt inflate, and always bursts if it does. "
So you're saying it costs the same to build a house now as it did 30 years ago ?
You've obviously never built a house .
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