in the last recessions when houseing price tags increase 20-30% what did inflation do? when you factor that in did housing still win?
newtothegame,
I can afford housing, dont you worry about that, my base salary is 6 figures which makes the median house prices well in my reach. but as i have stated I am in no rush to buy because i do not know yet where i will be based for work SYD/MEL and as prices are going to fall there is no urgency for me to jump in before i "miss the boat".
tcisboss,
lol - all that slagging off that i am wrong, but you never then told us what the real answer was?
If people in debt (which is 90%+ housing) didnt create the recession, then what did? Was it a coincidence that when interest rates went up on the debt, on housing, that the recession started?
seriously mate, if debt levels didnt cause this recession what did, i am seriously fasinated to know what this monster is sitting in the room that caused the recession that i have not noticed!
