I didn't realise but maybe all this time you've been living in Spain ?
Work for 40 years paying interest and what do you have to show for it at the end ?
Let's try 31 years for Rameez and he's retired . How many more examples would you like ?
How many houses could you have built in that time for pittance ? You mean by yourself ?
You'd be adding wages into the costs of those houses wouldn't you ? And what are they going to be , slab houses in the middle of nowhere .
What about this model . Work in a job that you enjoy . 35hr week so your not working too hard . Sickies . Holidays . Superannuation . In the meantime , pay people who know what they're doing to build you a nice house or three in nice suburbs that people want to live in where there are jobs and schools and hospitals etc . At the end of it , you have a very nice superannuation package , maybe $500k or $1 mill or more of equity outside of the house you own .
As for prices being down , I think you're getting mixed up with the Coles ads .
