mate, telling everyone house prices will keep doubling and will be out the buying power of everyone is doom saying. you are the doom sayer.
saying house prices will correct and come back to the norms is extreamly positive for everyone and the comunity and economy and generates jobs, the only people it hurts are those who invested in a chart they think will go up for ever."
Yawn Definitions of Doomsayer from dictionary.com: 1) a person who predicts impending misfortune or disaster. 2) One who predicts calamity at every opportunity. Those predicting a collapse fit the definition better than I do. One way or another over time property will go up forever - the only question is by how much and how far on an annualised basis and that is what time will tell.
"loaning on two income for a house is not perfectly acceptable, its extreamly stupid and extreamly dangerous for so many reasons, for example - there is now the risk of 1 in 2 jobs that could be lost or cut back on - one could get ill - one could get pregnet" Just means that they have to do more planning then doesn't it for the key situations. This is the modern world and you need to get with the times as it is not going to change any time soon if at all.
"when you borrow money for a house, you should not be spending more than half 1 income. and you should only borrow a house you can pay out on if you lost your job and got another job you know you can get at a lower rate." As I said get with the times. Borrowings should be considered on the total income, all the other risks as you have identified are to be managed by the borrowers.
