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@resjudicata "Anyone who doesn't agree with me = boomer" with this logic no wonder you don't understand the argument.

@resjudicata Why does it matter? Prices go up regardless if I own/will be looking to own/will never have enough to own. It's got nothing to do with my money or age.

@resjudicata You've completely missed the point. If you were in Aus now and said "imagine paying $750k for a house" in 20 odd years saying the same thing would mean the opposite as well. My point was that house prices in the long term (since modern history) have always gone up so even if you...

@resjudicata That doesn't change anything, prices will go up there also. "imagine paying x for a house" in 20 odd years time will have the opposite meaning regardless of where you live (bar places that have a natural disaster)

@globalharvest Of course context is important, that was the purpose of original reply, you can't go about saying a specific set price is expensive or cheap because there isn't any other context and in 20 yrs time 1.5M might only buy you a Lego house but the average salary might be 100M (don't...

@karenlouise There is always going to be an exception but for 99% of houses in the world it goes up. I wouldn't put money on any house going down in value over a 20-30 Yr period.

@resjudicata In 20 odd years, you'll still be using that phrase but for entirely the opposite reason.