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**chuckle**

Hi TF, yes, it's been a while! I'm usually over on the Australian Property Forum these days. Nice work to keep track of all my old quotes like that, but to be honest, I'm a bit confused by your post. The ASX did crash as I predicted, interest rates were slashed as I predicted, and house prices...

And if interest rates fall (as expected by the futures market)...? Here's another chart. Taking interest rates out of the picture, it looks like the price/income ratio has been generally improving since 2003... PS: so far, I have managed to survive 'untrolled' today, but I'm still on the...

Well, it sounds like you're just saying that homes are a bit less affordable now than they were last year, but not necessarily that they're unaffordable. So perhaps we are in agreement. Here are a couple of charts you might like... If inflation is running at 3% per annum, that could be a...

Even if houses are less affordable than last year (yes, they are because prices and interest rates both went up) that doesn't make them unaffordable. McDonalds could raise the price of a Big Mac by 10, 20, 30% or more tomorrow, but Big Macs would still be perfectly affordable. If people in...

Residex puts it at 430,000 sales over the past 12 months, which is 10% down on last year, but that's still 430,000 people who can afford to buy... http://blog.residex.com.au/2011/06/23/australia-as-a-whole-5/ Stock on the market is lower now than it was in 2008...

Yes, they did build. And they built and built and built. And they lent with no deposit to people with no jobs or income. 2002/2003 was the peak of a huge boom. We're back to normal steady annual sales levels now. Half a million individuals and families can afford to buy a home every year. So...

The best way to work out whether houses are affordable is to use some common sense... 1 - Would we choose to build the largest houses in the world if houses were unaffordable? 2 - Would half a million families and individuals buy homes each year if they couldn't afford them? 3 - Would we...