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I'm a long term player - so no too worried about what happens in the short to medium term. It won't affect me. In fact, if prices do drop it could open up buying opportunities - so all the better for those of us who are prepared for this situation. (ie pre-approvals, LOC's, cash etc ready to...

Don't know if anyone saw the ABC news tonight. The finance guy (not Alan) put up a graph showing that housing is actually affordable and that there is no affordability crisis. Not sure where the graph came from (who did the study) - missed that bit. Thought it was interesting though...