"while blame is laid on a debt fuelled economy,just remember what it has given us,the opportunity to develop individually and as a country at a tremendous rate"
- remember Norbita, what debt has given it can easily take away. Expensive property stifles economic growth once it reaches a tipping point. WHAT UTILITY DOES POURING ALL OF OUR MONEY INTO HOUSING BRING THE ECONOMY? IT DOESN'T PRODCUCE ANYTHING?? IT DOESN'T ADD TO OUR ECONOMIC OUTPUT.
Are we really going to believe housing prices will keep rising when they are already at multiples of 7 and 8 vs wages?? Or is the more likely scenario a plateau where we see no growth for a decade or longer (essentially negative real growth) or even falls of 15-30% across the board??
