The Cost of Housing

The price australians pay for housing isn't like the sticker price on the home. The amount that they repay in monthly mortgage repayments hasn't really increased substantially so far, so far. So if anyone starts to reset those loans on the basis of or some sort of notion of an el viar, and the reserve banks saying, o we don't, will keep flooding the world with liquidity, these markets can be dramatically different. And in australia, we've ended up creating a huge housing buble, i think, which, you know, will come back to haunt us in time.