RORY SALAZAR | Finance | Contact
At this year’s Real Estate Investing Symposium at the Betoota Lakes Conference Center, leading real estate experts were invited to address the housing affordability crisis.
Astute property investor Gerald Mosman (58), who owns 16 investment properties across Betoota, told a wide audience that “falling house prices are fueling the housing crisis and there’s nothing worse for housing affordability”.
Mosman, who lives between his main, secondary and tertiary residences every year in pursuit of the sun, was questioned by a slow spectator to explain how falling house prices affect housing affordability.
“I’m glad you asked, young man,” Mosman said from the stage in his confident voice. “That’s for sure, At first glance, that falling house prices are the worst thing for housing affordability because… uh. Well, because, uh…”
Mosman’s expression darkened. The minutes passed. Our reporter coughed politely to break the awkward silence that engulfed the conference center. Before Mosman could provide the answer to the affordability crisis, he sadly suffered a rare form of brain hemorrhage and died painfully and instantly.
Later in the afternoon conference, an even more astute investor, Sandra Goldsmith (60), spoke with the lawyer on the subject. Goldsmith has published articles in Realestate.com.au and Domain.com.au, as well as essays in numerous property journals funded by the Property Council of Australia. She shares Mosman’s views.
“He is, Carpe Diem, that falling house prices are the worst thing for housing affordability,” she explained.
When asked why, Goldsmith clarified, explaining that “it’s of course, among others, falling house prices are the worst thing for housing affordability because… uh. Well, because, uh…”
A terrible silence ensued as Goldsmith seemed to freeze. She started mumbling some more common Latin phrases like etc and ad hoc hoping to look smart.
Unfortunately, before she could provide the solution to the accessibility crisis, she spontaneously ignited, leaving her dead.
The symposium ended with no clear answer as to why falling house prices are the worst thing for housing affordability.