aussie housing unaffordable, page-20

well there is no capital gain in it
at best we can expect property values to stay stagnant
if the government releases more land that might actually make properties drop across the board
so what we have is a situation where you either pay rent or interest
If you go down the interest path you have a lot of risks
Higher interest rates and falling house prices are there for sure.
Rising rents ... nah ... not so big a problem
$500,000 two bedy 6% interest = $30,000 a year
ie about $600 a week
most two bedies would rent from $400-500 a week.
Seems obvious to me
RENT!
Of course if you own you can say own your own home (which is always a bit of w@nk) even though the bank really owns it all.