Would be good to see this happen Down Under. The housing crisis in Melbourne is spiralling.
Yeah your real estate market has been irrational for a really, really, really long time. What's the line from War of the Worlds? Disregard the "nineteenth century" and "intelligences greater than man's" and you've got Wall Street and the Australian property market.No one would have believed in the last years of the nineteenth century that this world was being watched keenly and closely by intelligences greater than man's and yet as mortal as his own; that as men busied themselves about their various concerns they were scrutinised and studied, perhaps almost as narrowly as a man with a microscope might scrutinise the transient creatures that swarm and multiply in a drop of water.
I think Vancouver and Auckland might be up there with us, but otherwise, yeah. There was a time when being rich meant having a high-paying job or income, but I'm not sure if that time is ever returning. If you don't have a foot in the property market now, God help you.