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Old 02-07-2009, 12:57 AM   #11
Aliantha
trying hard to be a better person
 
Join Date: Jan 2006
Location: Brisbane, Australia
Posts: 16,493
People can't put off purchases forever. Eventually they have to start spending again. Usually that's when house prices drop so low that any old person can afford to buy one, so first off you have a whole new group of people buying houses which promotes growth in economic terms, but also in terms of labour. More jobs equals more spending equals more purchases equals more jobs etc etc etc. Inflation starts to rise and we all jump on the same merry go round again.

It's a cycle. It will correct itself eventually. Maybe some people will make wiser decisions next time round.

You don't always need the prettiest horse to get ahead.
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