I know all the its different here justifications.
These are mostly generic cyclical bubble
Migration has also been the backbone of other regions. Take southern California for instance
Ive studied this stuff for 35 years obsessively so I nearly know all the arguments and derivatives of each one.
As a result I know one thing for certain, debt to income ratios like ours are the most dangerous warning signs possible in the history of global housing prices
I can find not a single sustained example of debt to income ratios in the economic history of the world remaining as high as they are in Australia for a long period of time
Not one case anywhere .....and believe me if there were any I would have studied them at some point just for the fun of it
You might be right, we might pull through, but the physics of these types of ratios are extremely extremely dangerous to the broader economy
I know all the its different here justifications.These are...
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