excuses excuses, page-39

Warnie,

yes housing is cheap when rates are at their highest. like i said, i will buy in 2 - 3 years when rates are at the top as hous prices will be at the lowest.

but Interest rates in Australia are still cheap.. people only think its high because people have borrowed more than normal in history, so the small increase so far seems like a huge jump.

There are 2 options, hous prices will fall, ie 40%, or wages will double. If wages double our Australian Dollar value drops by half against the rest of the world. ie $2 AUD will buy 1 USD.

The RBA wont let that happen and will keep upping interest rates till everything ballances out again.

As somone else posted, Housing has gone up, but wages and material costs have not increased at the same ammount to match.