Quote:
Originally Posted by b0son
Not helped at all by a combination of rental growth relative to wages, casualisation and wage stagnation. If UBS are right and houses do fall by 20%, maybe overall living costs will go down, people will start spending and the economy can recover quicker.
High house prices have been great for landlords, but have been a drag on the economy for the last decade.
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House prices are certainly a problem but I doubt it is the problem of the workers I was talking about.
People working casual jobs where they might have otherwise been PT or FT jobs is a big problem and has been before this.