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Hobo-jo actually had a house a year or two ago. Right when Adelaide was going beserk upwards. He sold, pocketed the difference and is renting now - a bear taking full advantage of a (now passed) bull market and putting his money where his mouth is waiting for prices to come down :p Construction...

Mr & Mrs Joe Median being able to afford the median house. Mr & Mrs Low Income being able to afford something basic on the fringes or something regional, and Mr & Mrs Very-Well-Off being able to afford something really nice or in a really fancy suburb. Not the case where its only the high...