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Well temporarily yes....but it mostly affects overpriced and top end real estate the most. The bread and butter stuff tracks to inflation....the new reality is more like 4-6 growth per annum. Rents are also outplacing inflation.

If that is all people are worried about.....then they are on easy street...I see the following happening over the next 2 years because the labour costs and productivity is insane in this country and something needs to be done. Incidently...i believe my wage is also high. :) 1.Companies in...

Put it down as a great learning experience. You live and you learn.

What sort of Euro cars were they...I am seeing of pattern where people here are still buying cars but are going for smaller engine Japanese and Korean cars - i.e. Mazda 3&6s, Toyota Corollas & Yaris, Hyundai i20, i30; Kia Rios, Holden Cruze, etc.

Hmm......there is a lot of European and American rubbish....just look at American and French cars. Now better quality cards at reasonable prices come from Korea (Hyundai/Kia) and Japan (Mazda, Lexus). As for your yearning to go back to the future...that is unlikely ...as a matter of fact...