Keep dreaming, if the property when backwards by 50%, how many ppl will be unemployed?
If the house prices drop, the first thing ppl will do is to stop spending, then this will cause a problm in the gerenal economy, then lay off as the business suffers, where will ppl get a jobs?
In the mean time, while you are waiting for it to drop, you have missed the Sydney (14.5 per cent) Perth (9.9 per cent) and Melbourne (8.5 per cent) boom for 2013.
and 1.5k water bill and 2k rate? you would have to be living in a $5 milion dollar home to pay that kind of rate?
and clearly you are not in that bracket.
what about after you pay off the home in 30 years time? you will be living in it for fre while you are still paying rent.
oh, yeah, when your landlord have to sell because he has lost 50% in value, how much did you have to fork out to relocate?
