Property prices local to me are totally out of control
I am lucky to have a bit of money
But f*ck... Totally and utterly un-affordable
Discussion
There is an economic theory.
Disclaimer, I am not an economist.
That house prices are stable, it’s everything else that changes.
I struggle so hard to come to terms with buying property in Melbourne, prices are so fucked, but must please the misses! and I guess owning the roof over your head is good for retirement
There's a few ways of looking at it
Housing one's family is a big deal, and needs investing into both financially and emotionally
The hard part is knowing that the kind of house you need now, vs 5 years time, vs 10 years time, vs 20 years time, is always different
So does that mean by and sell 4 times?
That friction cost is so high, any fiat gain you might make is gone, plus it's an opportunity cost vs more Bitcoin
My initial note was a gripe on even entering the market though
House price ratio to income is just out of control
