property going up - wheres the next hot spot??, page-21

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    "so you think prices can take of again?"
    Yes - but it will probably be in another 10 years

    "even though 30% climb from here means 100%+ of houshold income will then go to a mortgage?"
    No it does not mean 100%+ of household income will then go towards a mortgage as if the house prices stagnate and their value is eroded by inflation while wages continue to increase in line with inflation then houses become more affordable relative to wages.

 
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