As we all know it's getting more and more expensive to buy a house, and the rate of growth currently associated with investing in a house is just phenomenal, and obviously too good to not be a bubble. We all know that. However, WHEN will this bubble pop?
More and more houses are being built but the demand for it just continues to go up. And many houses are bought and just left to sit there, not even rented out, fueling the problem further because investors just want a safe and profitable investment.
What do you think the governments can do to avoid this? Put a limit on houses per person? Your opinions?
It actually depends on the mentality of the people engaging in it and I am surprised that its happening in far away more advanced country Australia. Over here, the believe was that if you dont have a house to yourself even though its of no economic value to you, you are not an a complete being. And I think that is the mentality over there and the fact that is can stand as collateral is another reason that contributes to that.