if you don't buy someone else will, page-11

"Bottom line is that every body needs a place to live and with population growing so does demand for housing."


absolutely unarguable -----------

however there is one factor that enters the equation and sits like a large elephant in the room.



Ability to pay.


You cannot have bugger all wage growth and rising RE prices for long -- it just can't happen.

You also can't have job losses and keep rising rents and prices ---------- it just can't happen.

So, it doesn't matter if you have 1000 times demand against supply ---- if people can only afford so much -------

that's it ------------- that's the limit.

End of story.

Just like selling anything --------- there is ZERO point in chasing a sale if the prospect 'just can't pay'.


have a great day all

Pinto