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Originally Posted by trippytaka
I have put off all plans of buying a place. I am looking for new ways to secure the money I have saved...
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Unless you're concerned about stability of your employment that is an example of the attitude that WILL send us into a financial hole.
People need to keep spending money to keep the economy alive.
There is no logical reason to avoid buying your first home unless you've got unstable employment or are borderline to over committing yourself.
Even if homes drop back a bit they will recover and appreciate long term.
People need to continue on with their lives and keep a positive attitude, a negative attitude will actually BE the cause of this to happen in Australia to a very large degree, not what happens in America...