Warnie will go down the tubes at some point like all the other "heroes" here on hotcopper who cannot help themselves but brag about how smart they are.
FACT - Houses and almost all other asset prices have accelerated up in value at an almost exponential rate.
FACT - Wages haven't.
FACT - Either asset prices must deflate or wages must inflate to bring things back to a normal range.
My money in on the former not the latter.
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