Saturday, April 03, 2010

Nicholas Retsinas on Whether to Buy or Rent

Very sensible article on home-ownership. Question is how it translates to the Australian context. House prices are extremely high here relative to incomes, but will they ever come down like they did in the US? It doesn't seem likely unless immigration slows and planning restrictions are relaxed. It's these two things that seem to be maintaining the high prices. But they could both happen.

No comments: