Whoa, hang on a mintue, i was talking about wage to house price ratio. This is where the inadequate are having trouble understanding - mis interperating charts/graphs etc. I agree there was a dead cat bounce in late 2007, but only in Vic and QLD.
Someone needs to go back to school, me thinks!!!
A new pattern is about to emerge in the value of houses. All of the variables have changed in the last 6 months. We will only see in a years or two time who was correct. I see you havn't posted any more reasons so i can not reply about any more. I have to go to work now tata
