Why buy property if you ain't going to live in it? With interest rates going up, and capital gains stagnating; at which point do investors say its not worth it and sell out. As stated by other posters the average income is 60K, at which point will people relise they can't afford a 300K home, that the price of living is going up. House prices to drop hard.
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segment on 60 minutes ronight, page-32
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