Inflation isn't only the price of land in Sydney, I can see you've never encountered the real economic world.
There's lots of demand for real estate where I'm building, but the prices have flatlined. Good quality real estate is in short supply, there's loads of cheap units around, and not many are selling.
I've never really had much time for university-educated types, they seem to be on a different planet and not many are rich. Unless they're doctors, lawyers or dentists.
You're dreaming if you think house prices will drop 50%, land's in short supply and the builder building my new house has told me that new house prices will never drop, it just isn't possible with all the red tape, inflation, legal fees, global warming nonsense and local body BS.
Maybe keep 'stackin' those gold bars, it's probably more your cup of tea.
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