So we have a race don’t we? What is happening quicker, the depreciation of housing or the value of our currency.
Hard to say. I guess it all depends on how much you think the submarket you want to live in will go down. That coupled with your own job security, etc… I tend to think that we will have more depreciation in housing before the hyperinflation people are forecasting will kick in. There may be a sweet spot of being able to get a home at a decent price at a decent rate. It just depends on how successful the government will be at trying to support pricing through various measures over the next 2 years. I don’t think they will be successful but I do think they will throw away a hell of alot of money trying.
