answers for pennyo, page-17

Fair enough kincella, lets not forget that inflation can and has in some areas outstripped housing growth. Wages are already way, way, waaaaaaaaaaay behind in relation to housing growth. If wages don't pick up and this trend continues the market will out price itself, reducing demand etc.. etc..

Try telling the good people in the US of A that housing can't go down in value....

Like I've already said, I love property but it doesn't hurt to keep an open mind. It always goes up in the long run, last I checked the average over 100years was about 6% compounding. That means you can turn 100k into 106k (on average) in a year. Thats assuming your rent covers the interest you're paying. Wow drop the tools, I'm gonna retire!

Property is a large part of my retirement plan but I'm sick and tired of property investors boasting about the wealth they've generated when any fool can and has been makeing money out the housing boom, including myself.