booz
whilst once could expect some decent growth on the east coast coastal property, the fact remains the choice is endless and the dynamics are different. People want to cash in their 600k home and buy a 400k one and have 200k left over to spend
the boomers have all the cash, once their buying is done over the next 10-15 years thats it. Then they go to a nursing home and sell once again
meanwhile the ageing population is a drag on the economy, the resources boom may have run its course etc etc
so whats the price outlook on the coastal? I fail to see it mirroring what happened in the cities, unless of course you bought in 15 years ago, then within say 10 more years you will have made the same total gain
the same rules dont apply, the purchasing decisions and the choices are vastly different so why would the price growth expectations be the same, it makes no sense
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