Oh what a can of worms Adam Schwab has opened up in Crikey - here.
His analysis of the "own" versus "rent" scenario for domestic housing is pretty much spot on. But it won't appeal to all the bogans who have already bought near the top of the market - or who are thinking of doing so. Or who are trying to sell ;-)
Hell no - everyone knows that real estate prices always go up and that bricks and mortar is always the best investment - don't they?
Lets not spoil the party for those poor souls who have already been sucked in by the banks and the commission industry.
It must annoy them to discover that not everyone is on the real estate *booster* bandwagon.
Perhaps they will soon work out the meaning of that little word "risk".
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