For 70 years house prices have been at 3 times income . If for example you get in finanical trouble lose your job how can you pay your loan as most people have about two weeks of savings. If you have an asset other than you home if you get into trouble you still have a way of getting you self out of trouble. Asset i mean Gold silver bullion or coins you try taking your stove out and take it to Coles they will tell you to take it away but gold or silver they will ask you to come in. The Rudd Gov. should have had a debt moratorium for a month and gone throw the debt to see what is good and what is bad and most of this country debt is bad. He would have to set interest rates at say 5% to sheild the home owner and them raised general rates to 9% for example to raise a pool of money to rebuild this countries production requirements. We also need very urgently to start apprentice ships or we will end up in a bark age from which it will take at keast 60 years to recover. Regards Dennis
