Re: Australia housing bubble
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The whole housing market debate about the current climate sort of falls into the category of people who annoy me and buy stuff then complain because they keep shopping afterwards and complain when what they bought goes on sale. If you need somewhere to live and have the means to purchase and plan to be there a while, its just a purchase. Markets affect people more who are using it as an investment. Buy sell kind of stuff. I am pretty sure the rental market isnt going to deflate as quickly as property prices. So there is still some merit in buying if you plan to live there. I lucked out to a degree being a fool at 25 buying my house because the market isnt going to see a loss as big as the appreciation my area has seen in the past 7 years. I have no plans to sell because i live there.
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