oh dear, the emphasis placed on fhb's....who on average make up 10%, to a max 15% in the boom times....
wonder what the majority of upgraders, downgraders, movers and shakers, and property investors think...ie the other 90% that make the house purchases real
I would suggest not all of the fhb's are scaredy cats...or nervous nellies....some kids simply do it, because they follow what their parents did...
I can understand the current crop....being nervous....since some of them are almost middle aged and still living at home...unlike a couple of generations ago, when they would have purchased when they were much younger, in their early 20's....
their hero keene purchased his first home in his 50's...and then had to sell, when his defacto split the scene
sounds like a mummies boy to me
so he waited 30 odd years, and probably only bought the house, under duress from the girlfriend... some women like their own home before they start nesting
imagine the price he may have paid 30 years ago... or imagine waiting another 30 years before you wade in
one of the bears was claiming he had lost almost 200k's last year on his stocks...wow there goes half the house cost....no wonder some are angry with house prices... when they have literally gambled away the profit that was supposed to buy the house
on the other hand, some own their home, and gamble on the stockmarket at the same time...but they dont gamble the house away
