Hughs,
That is the biggest load of rubbish i have read yet.
First of, yes dual income, but, a house takes 20 - 25 years on average to pay off. Most chicks get up the duff a couple of years in and the second income is lost, I see this all the time. I dont see many women waiting till they are 50 years old before starting a family.
The average house hold income for 06/07 was $42K not $100K where on earth do you get your facts from?
The borrowing power of a average houshold earning $42K is only $211K
The average size of current mortgages is $250K
So how on earth do you recon people can keep borrowing more and interest rate rises will not hurt them?
You are living in a fantasy world
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Hughs,That is the biggest load of rubbish i have read yet.First...
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