question, page-3

not sure im getting your numbers...

if house purchased for 315 goes down 30% it is worth 210...(roughly)

if the building of the house costs 180...after 30% drop it costs 120 to build ...

if land content is 140 after 30% drop it is 95

my math is rough but your math seems to be totaly flawed !

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anyway...price of land AND price of labor can fall as well as price of materials and council duties !

none of those are 'written in stone'...

i though that was fairly easily understood...

tradies don't have to earn $ 50 per hour, concrete doesnt have to be $ 200 per cubic m, council doesn't HAVE to get 20 thou of 'contributions' and state can GIVE AWAY the stamp duty !

we live/lived through all of the above without any specific changes occuring that would warrant impossibility of reversal !