housing prices head down, page-30

Steve - your capacity to think myopically is demonstrated yet again.

You see we know how to make money from business, then how to make money from shares, how to make money from others who work for us, from buying property and having those who work for us pay off what we own and give us tax concessions to boot , so really how can you even think we are that one dimensional.

Electricity, Gas and water are no longer cheap and as things increase in costs so will building costs. Try and build a house and see the red tape that comes with it. That alone will prevent a drop. Taxes, quantity surveyors, energy ratings blah blah blah are working against you.Prices may drop , if they do , like at the time of the GFC get in , that may be 10 - 15% but they will correct upwards again. Wait for more than that and you will never own.