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?
I wont call it a bubble because there is the demand and availability factor. The scenario is not only in Australia but also all across the developing nations and the business has grown significantly big as in the last few years. Many experts are predicting the continuation of this trend for decades. So, it cannot be a bubble and it may not burst in near future too.