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It is possible that we have experienced The Last Great Property Boom.
Property is cyclical with long waves that you have to look for. It is possible that we have experienced The Last Great Property Boom.
If time is infinite, which most agree it is, then that actually approaches impossible.
To say a house in 1969 was worth $9,000 & today it's worth $500,000 or whatever is irrelevant!!
Good point C.I.... we should all be buying 200 houses NOW! Because in 40 years time people will be saying "Only $600,000? I should have bought 200 of them!"
Then again, maybe not. How do you know?
Excellent post!The attached is a letter re the sale of my late Grandmother's house in 1969. What can I say...
Have you ever met someone like this who has actually done some study though?That is gold.. Thanks for sharing this..
Its funny I was talking with an old school mate the other day and he was saying that his mum paid 16 000 for her first place in Brisbane approx 12k north. Now worth about 450k.
He doesnt think the trend will continue..
I pointed out that our children in years to come will be saying yeah dad but you guys bought for 500k, we now have to pay 2 million to get in, you got it easy...
He disagrees this will happen..
Hi Sunfish
I keep hearing these phrase however, dont look too much into it.
The people that are saying it? what backup do they have to support these claims? curious