Sorry but I know its rude but this is precisely what I mean by talking through your ass. Look at your own post, `may'? `Why not?' Are you sure or are you hypothesing that the scenario will pan out? You said its `possible' in an earlier post. What's the probability? You are just sprouting rubbish that you do not even understand. So please save this kind of coffeeshop Theory of Economics with your fellow coffeeshop buddies.
Pls do not mistake normal inflation in a growing economy with the kind of hyperinflation that some bulls here used to justify property as a good hedge for inflation. And while you are at it, in fact salaries indeed did not rise in tandem with headline inflation. In fact real income decrease which is why I said there is a property bubble since property px has risen beyond real owners affordability.
The current correction in property price will come regardless whether there is recession or not for the simple fact it was a bubble waiting to burst. The global financial crisis and now global recession just happens to be the needle that prick the balloon.
Just to throw the discussion off-tangent a bit, actually in a few months time, the discussion above may even be moot because we could even be staring at an even more frightening monster, a deflation leading to a depression. And in a depression, lets just say 2/3 of the people in this forum will not even be surfing here anymore because they do not have money to pay their electricity bills. When that time come, I believe the only safe profession (monetary wise) are your police and soldiers. US Fed has already announced this last night.
So please stop the bullshit about inflation being a good enough reason to buy properties.
http://www.bloomberg.com/apps/news?p...mUo&refer=home