housing prices, page-25

House prices in Australia and elsewhere have had an extraordinary run of performance in the last decade (or longer) delivering huge gains to baby boomers.

This has resulted in them believing they have an intrinsic understanding of residential property, when in reality they were just in the right place at the right time.

This love affair with cheap money and property speculation (something that brings no utility----> it doesn't produce anything, or structurally help the economy in any way) has made owning a home a pipe dream for many young Australians. We have had an unprecedented economic boom in Australia and all the proceeds have been directed to housing....more specifically baby boomers (right place, right time) owning a portfolio of investment properties.....great on paper....but what if prices fall??

And i cringe everytime i hear this gem from those that "intrinsically" understand the property market.

"A house is a good investment....house prices always rise!!!"

----> Someone should go tell the Japanese...apparently they forgot residential housing prices can't fall.