dumper,even in 20 years if you sold what you bought today, you...

dumper,

even in 20 years if you sold what you bought today, you may not make a profit.

people get confused with money as they see it is a number, but it is a value, a promise of value in return for your goods/services.

you need to look at the value and not price tag.

this is hard to explain as you need to think outside the box

if you say the housing market is now at a 1:7 ratio wage to house. in 20 years it could be a 1:4 ratio

at the same time the price of the units you sell could have quadrupled.

but for the money (That is now quadrupled) you can only buy 60% of what you could 20 years earlier with the original starting price.

not only that, because its quadrupled in price the goverment will tax you on it, when really its devalued, but the price tag has gone up.

so you have less, and are taxed for it.

why buy now to get that extra $7 / $14K which is only 2% or 4% when you can wait another year or so and posibly get it 1/3 off?

even if the economy kicks off again, and house prices hold, inflation will be forced up by these two, and with the economy kicked off again RBA will have no choice but to inrease the interest rate. which will kill house prices

you cant win with housing at this point, i cant see any logical way it can increase in value from here, only fall. so why comit to paying of a debt for more years than you have to.