re: rent now, buy later
the odd thing about this is that the US itself is going through a housing bubble, yet in Australia prices are at 430 weeks earnings while in the US they are only at 180 weeks.(Source AMP Henderson Global investors Sept 2002). This is despite the fact that Australia has a lower pop density/liveable land. Tell me whats wrong here?
Urban centres in the US are being left for the poor in favour of the suburbs. As property prices rise offices are relocating to outer areas where labour and rent is cheaper. Workers who can't afford property within commutable distance to the city are forcing this to occur.
you only need to go to England to see the same thing happening there ie The midlands, Reading the new home of many of the large companies head offices. Be careful with how much you pay for a city location to ensure that it hasn't factored in economic benefit too far into the future. Cities are easily created.Shopping malls and trendy little cafes and coffee shops will pop up wherever there are people. Fashions and fads also apply to suburbs and rarely do they last forever.
