Normal
Good Call Mr Burns. Right on all counts.... but we're still waiting for that last frontier to fall... the property market that is!People are OK with falling stocks and rising unemployment, but the real headlines will hit when property prices drop 10%+. It might just not happen though. The middle ground of property might hold as low interest rates see's new entrants into the market and the high end dropping means people will be downsizing into more affordable homes. I think many houses in run of the mill suburbs will be stuck in that 300-600k price band for the next decade (as baby boomers sell up and move off into little townhouses by the coast somewhere).
Good Call Mr Burns. Right on all counts.... but we're still waiting for that last frontier to fall... the property market that is!
People are OK with falling stocks and rising unemployment, but the real headlines will hit when property prices drop 10%+. It might just not happen though. The middle ground of property might hold as low interest rates see's new entrants into the market and the high end dropping means people will be downsizing into more affordable homes. I think many houses in run of the mill suburbs will be stuck in that 300-600k price band for the next decade (as baby boomers sell up and move off into little townhouses by the coast somewhere).
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