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