Yeah...the affordability... the prices they are getting sound...

Yeah...the affordability... the prices they are getting sound over the top, makes them less affordable, no question....

But, & I agree with you, what is there not to understand about
-highest rate mortgagee arears
-fastest propty value declines

I have suported the view ( as is/has occured in other bubbles worldwide) that un-employment increases are not a pre-requisite to a bubble pop,

they are a lagging indicator,and a symtom of the bubble reaching the heights that they have

so not surprised it hast not changed

cheers...lescat