"that is why a 2nd income is required"you should not need 2...

"that is why a 2nd income is required"

you should not need 2 incomes to buy a house!!!!

if you assume prices will correct as much as 20% only, and then inflation has to catch up, at 3.5% P.A your looking at 20 years for wages to catch up.


every year more and more of the younger generation enters the market thats a growin percentage of the population priced out each year. this cant last 20 years, too many people will get their backs up at the goverment.

fair & normal prices will be back, may take 5 or so years but it will come back. Thats why housing is a bad investement as its a item that the price must fall on.