the dummies guide to buying your first home, page-5

It is pretty sad how the most basic lesson is lost on the ignorant.

That show was pointing out how an over-supply of anything will lead to stagnation or a fall in prices.

In recent times the USA has had vacancies between 10-12% and this of course led to falling prices.

Australia has vacancy rates around the 2-3% mark in capital cities.

But please don't let me sway you, by all means keep renting and waiting for the huge falls and good luck with that :)