Quote:
Originally Posted by worth
Well look at what is happening in the US right now. The amount of debt there is huge.
Also look at the way currency has declined in value over the past half decade. A $30,000 house 50 years ago costs $500,000 now.
It would take a big event for something like this to happen here, but it's entirley possible. There is way too much money floating out there as it is now.
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there was massive inflation in the 70s, but we've learned to deal with it a lot better now.
Also housing price increases is a bad example. there are a lot more people living in certain areas so demand is higher and the house actually is worth more.