why is it the bears always throw up long term "affordability"...

why is it the bears always throw up long term "affordability" and wage/ price metric...ie: the ol 3:1 furphy...

yet with this new trigger for a crash, they are going wild over 6%

The 40 year unemployment rate average is around 7%.

Have a look at the charts and stop being so myopic.

4% unemployment is structural, you virtually cannot get lower.



If you don't see 10% plus, forget about property prices being affected.