Reference :- Real Estate prices are booming . We are told that is good news .

Reference :-   Why should we be pleased that house prices are increasing  at a rate faster than we have seen in over thirty years?

We certainly live in exciting times . Our house out  here in Kooralya may have gone up in value by almost 6 percent , which is close to ten thousand quid .   Young Monte reckons we should get a home equity loan and use the money to buy a new trail bike .   Ken junior reckons we should use the money to buy one of those giant television sets .

But then Gabbo asked the question " How are we going to pay the loan back ? " . 

That calmed everybody down more than somewhat , but Gabbo had more to say . 

"  Everybody needs food , clothes and shelter to survive  ."        Gabbo said 

 " Well obviously . "   I said . 

 " How would you feel if prices for food and clothing  were escalating ? "    Gabbo said . 

 "  That would be terrible . "   I said . 

  " So why would anybody want the cost of shelter to escalate  ? " .   Gabbo said . 

   Gabbo has an annoying habit of asking tricky questions .  And when no answer is forthcoming he tends to rave . 

   " If everybody's home loan repayments were less , labor costs could be less .  That would mean we could go back to being competitive in the manufacturing sector .  High house prices stifle the economy . " Gabbo said . 

   But nobody was listening , we had all lost interest .  Ken junior changed the subject . 

 " Say , let's  head to the coast for a few days , we could all do with a break .  " ,  Ken junior said . 

 "  Not a chance in the world . "  ,   I said . 

 "  Why not ? "  ,  Ken junior said . 

 "  The mortgage payment comes  out of our account tomorrow , so we are broke . "   I said . 

   It's just as well somebody around here understands finance . 

    Happy Easter .

   Your comrade , Ken .