some interesting comparisons, page-5

  1. 2,458 Posts.
    PennyO

    (i property prices rise... at a 1:10 ratio, how will people pay off a mortgage where interest is more than their Net salary?)

    That's my point, there will be those on the inside of property and those on the outside, you can bitch all you like, times have change and it's going to keep changing.
    There will be cheap land for you at Red Hill, $200.00acre, still going to cost you $150,000.00 to build, total $150,200.00, if you can not afford that, you are doomed to rent.
 
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