How many hundreds of basis points have we cut now? Each time the spark failing to ignite the engine? Someone tell me the engine of growth Australia has to boom us to 2020?
When does it stop? Triple incomes to service a mortgage with ZIRP? Inter-generational loans? Anything to keep a pyramid built on debt going because of our love affair with being property barons.
We hit a price ceiling in this asset class, you cant justify 5 years of no capital growth in housing in any other way. Remember you only need 3-5% of the loans to go bad to spoil the whole pie!
