Re: Australia housing bubble
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Quote:
Originally Posted by CoolBFWagon
O.k don't mean to scare everybody but tonight on ABC at 8.30pm 4 Corners are doing a show about this very subject.
Can't wait......I think its going to be pretty shocking.
Prices have been rising for near on 15 years now.....Surely its gotta slow down soon its just getting out of control now and the Gen Y's will never be able to save for a deposit the way it's going???
http://www.abc.net.au/4corners/stori...17/4719901.htm
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I've been waiting for the crash for 8 years and nada. What was underestimated was the governments willingness to throw cheap money at people and bending their own rules (hello FIRB! anybody home?). They will keep the ponzi going for as long as they can.
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