You can't fight the forces of demographics: In almost every western country, the peak in real...

|By:, SA News Editor

You can't fight the forces of demographics: In almost every western country, the peak in real estate prices has coincided very closely with the peak in dependency ratios - the proportion of working age population relative to older folks. In other words, it doesn't bode well for a country's standard of living when pensioners start to outnumber workers.