Anon,
It was a different world then wasn't it?
Can you imagine a young couple today saving enough to buy their first home for cash, say $500,000 and having $80,000 left in the bank?
Now it all depends on the easy credit you mentioned or it falls apart and house/land prices are much too high.
Which way would you prefer for your children?
i am predicting resi property price increases, page-42
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