House prices have risen in proportion to discretionary income growth for a generation or more.
We've had inflation lower than wages growth which has given us exponentially bigger discretionary income.
We've been relying on dual family incomes.
But what's the catalyst to provide the next big jump in family discretionary income ?
A few ideas...
Send the kids out to work
Some countries have 60yr P&I loans
Multi family residences (eg planning laws allow granny flats in NSW)
Anything else ?
We've had inflation lower than wages growth which has given us exponentially bigger discretionary income.
We've been relying on dual family incomes.
But what's the catalyst to provide the next big jump in family discretionary income ?
A few ideas...
Send the kids out to work
Some countries have 60yr P&I loans
Multi family residences (eg planning laws allow granny flats in NSW)
Anything else ?