Yeah, I'm torn about this...

We keep going 'all-in' (as a country) on single industries, whether it's the general folk with housing or our farmers on wool and then milk since the 80s(?)...

I feel like it's really a problem because wages haven't kept up, so servicing these ridiculous mortgages isn't feasible. Otherwise the inflated prices are a bad thing and the market contracting seems like a return to sanity - although i do feel for the poor souls who timed it terribly.

Its not like our houses are actually better, deserving that increased value. Its generally distortions due to scarcity/supply increasing the value in completely unreal ways.

BUT, I'm no economist and my savings strategy has been 'haphazard at best' - more in line with multiple personality disorder rather than a coherent strategy, so I'm making crude generalisations here - please be gentle...