so home prices are going to plummet, page-47

another classic from warnie. what planet is this bloke living on?

"500k home on 100k plus as dual income is not that excessive."

work out your after tax on 100k, your child care, cost of living increases, petrol costs, food and interest costs and everything else that makes up a family budget.

the only conclusion i come to is IT'S A RIP OFF. everywhere else in the world has woken upto this fact now that the speculators have disappeared and credit bubble blown up.

basically what warnie is saying is "It's different this time" "it's different here in australia" people should pay more.

the debt bubble we are left with will be with us for years to come. house prices are only going in one direction. DOWN