After 1987 the price of houses doubled from 1988 to 1989.
AFter the dotcom crash house nearly tripled from 2000 - 2003.
Each and every time people would say how expensive houses already were, how on a world level we are paying way too much yaddah yaddah yaddah. Surely, they would say, property prices CAN'T go any higher?
This time is no different. When the money floods away from the market it can only go to cash or property.
With very low vacancy rates and renters lining up to buy whatever is available for rent, where do you think the money will flow to?
