Some of the countries compared to aus had oversupply of houses...here people still line up to rent
Yes they can fall its been talked about for years but we don't have 3 houses to 1 family so as long as that remains cant see houses being 100k ...would be great plenty have millions stashed away waiting for such an event but it won't happen
I think every Aussie should be able to buy a normal house 300k let say...seems about right....much better than 2 mill plus thats for sure...Anyway unless humans embrace sleeping under stars and showering public places etc pretty sure we will be fine
In the end we all have different budgets and different debt levels...some have zero debt some have debt just to be able to have something to offset tax a little...all different circumstances...
When l stop and think l was better off when my houses where cheap
Think if houses comedown finally all the rubbish costs we pay must follow also
If not then l will personally start a crusade as its bsht...work it out
House rates/insurance/water parks(paid twice)fire levy(scam)car reg(800 bucks for the privilege of speeding fines in 40 zones)
Land tax....pay water in factory((3 dollars use 350 Bill (get stuffed)
Petrol (rip off) electricity (need to buy hamsters and switch to static electricity)
List goes on....then bank fees...stamp duties we get screwed daily and to top it off we can't sleep peacefully for fear of home invasion
