People want McMansions. Median, average (whatever) price has been driven up by the youngens wanting what they cant afford, and what the fakebooks et al tell them they need.
Not all houses are three quarters of a million dollars. Not all houses are 150k either.
Im an old '65 model, i built a house for 102k + 1 year to do it @ 50k loss of earnings so 150k, modest house ¼ acre lots of work nearby. 3 cities within 50km.
This will piss the youngens off.
Payed cash for my house. The company i work for now, the owner told me it was the dumbest thing ive done. Should have leveraged this and negative geared that.
I disagree.
This is only Australia so probably doesnt count.
YMMV.
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