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why housing is now unaffordable, page-26

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    housing prices wont fall while
    Australia has good schools and universities
    Law and order
    Modern Hospitals
    Heaps of minerals and economic potential
    When the future in the US is crime like in
    South Africa
    You will see "just as we have with the yarpies"
    a continued influx of wealthy foreigners who will
    buy the good 'scarce' land and build!
    The chinese will come because their country will
    have a poisoness atmosphere and Australia will have all they require.
    For us older investors Australia is the lucky country.
    My kids are lucky as I have the wealth to educate and some land for them. As long as I dont get to greedy!!!! ie
    The only mistake I have ever made in realstate is to sell!!!
 
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