"The ability to make money from the buying and selling of houses, or any asset for that matter, is based on the willingness of someone else to pay a higher price - the Greater Fool Theory. And once the last buyer is lured into the market, the deleveraging process begins.Recent figures confirm that new home loans are now at the lowest level in a decade while new homes sales and building approvals have slumped. Given the record level of household debt, with almost half the FHBs over the last year already struggling to pay their mortgages, Australia may now be entering its own housing bubble tipping point."
10 years ago....and on and on and on.
100% + gains later and 300-500% ROIs and you're still here bleating on about it
