Property prices to quadruple...

Myth busted. I have lots of religious friends that could prove you wrong.

 

Question: Do they take their property with them? and also is there negative gearing in heaven?

 

If property quadruples so will living costs. The fallacy of wealth generation planning is often based on the property income and value growing without regard for prices.

If retirement of $2m today is considered comfort it will be $6-$8m in 20 years. This is evident in a old pizza hut menu.

 

Yes and no to both, depends on which one you prefer.

 

Got a menu from 2008?

 

How old it is? Pizza for a $ when fb and twitter around?

 

So you hoarding old menus now

 

Quadruple will almost certain happen in most of our lifetime if not in 20 year. I've been in Sydney 30 years and I am seeing almost 10x in price for houses, The farmlands in my old neighbourhood have 30x. I would 3 things are certain in life: death, tax and inflation.

 

There is not one market, wage earners dont set all property prices, People who invested in Pizza hut, Dominoes or Collins Food Group can pay more than 100 times than what a wages earner can now. Judging some recent auctions some land has increased 50% in a year and wage earners arent ever going to influence its price. Wage earners are NOT buying High growth property people who benefit from low wages can. Low wages and technology that eliminates the need to pay wages and reduce business capital requirement means some people will have ever increasing ability to pay whatever they want Only need 2 people with more money than any-one else to bid up a price., Does increasing the dole mean rising house prices ?