They Say:

• Property has never been more affordable
• There is great value there and (gullible) First Time Buyers should know that...
• Cheaper to buy than rent...

Riposte:

• 20% off a crazy price is still 80% crazy.
• Yields from property prove that they need to reduce in price up to 50% to be considered a viable investment.
• There will be more value tomorrow.
• Affordability indexes touting that property has not been so affordable since the 1980's quietly fail to mention that between then and now, 2 salaries became the measure of what percentage of income funded mortgage repayments.
• Any "buying is cheaper than renting" type reports published recently have been deeply flawed in their assumptions on both interest rate cuts and capital appreciation