Quote:
Originally Posted by b0son
Its always better to slowly let the air out of a balloon than to pop it. It wouldn't matter that houses were dirt cheap, no one would be able to get a deposit together.
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And yet I like to rip bandaids off real quick and get it over with.
I still can't grasp the concept of wanting constant growth. How would that benefit anyone other than the investor? How about a a constant growth in car prices, equal to the ratio of housing
inflation growth? How about if school fees experienced the same growth? Grocery bills? Petrol? No? Everyone would be outraged? Then why do we want constant steady growth in house prices?
There is nothing in the world that constantly grows until the end of time, without eventually exploding/shrinking/whatever. Things can't just keep on growing.