Years of compound growth in housing prices are over for good?

[Lily House]

http://www.news.com.au/money/money-...re-over-for-good/story-e6frfmd9-1226395093277

I think she has a point for the immediate future - I'm feeling like the next few years are not going to show the price rises of the past - however "over for good"? Who knows how things will be 10 years from now.

Your thoughts?

 

[Ausprop]

reading that article, it says "unlikely" and "ever". So she has a pretty good out because "ever" is a long term to make a statment about. Having said that, it was "unlikely" that a govt would ever g'tee 4 banks with the public purse and allow them to go out and pillage the small players, destroy all competition and form a para-rba-government and run the country with whatever pricing and business model they choose.

Not to mention it's just her opinion.

 

[Jake D]

More discussion on the article here

http://somersoft.com/forums/showthread.php?t=79619

 

[Lily House]

opps - didn't see this is being discussed elsewhere - thanks for pointing that out Jake.

Mods - happy for you to remove this thread, no point doubling up. Thanks.