"and you are conveniently ignoring and not factoring in the massive inflation rate that has seen property prices go from $14,000 in 1970 to $595,000 in 2009 - same house (family house)
wages and income has not moved by anwhere near that amount - interest rates are adding to the problem - not helping"
Not quite the truth here!
The sixties and seventies saw a situation where a new "average joe" dunnydoor type car was about one years ave. wage while an "average joe" house was about 7-8 times. Nothing has changed at all!!
Of course there are spikes in both wages and costs but then we get periods of no growth like the early ninetees.
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