"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.
"and you are conveniently ignoring and not factoring in the...
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