This is the reality;A person can only earn so much in a...

This is the reality;

A person can only earn so much in a lifetime.

If a greater proportion is devoted to either mortgage payments or rent, this leaves them less to spend on anything else.

So something will suffer in the longer term, discretionary spending will decrease which will impact on jobs etc.

This will create a vicious cycle of lower spending, less jobs, less income etc.

Housing prices are on the way DOWN - you can take that to the bank. When is the question.