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+1, IV; I've been rattling on about this little forgotten factor for ages... If the Banks are not freely lending, and you are not a really solid credit risk currently, you aint buildin' or buyin' nuttin', mister.

when I read these sorts of stats, I can't help thinking about the two rats in a cage scenario. And the problem is, it's not the upper end of financial and education sections of the population who are producing the vast bulk of that growth. And with manufacturing on the decline, and in a...

What joy for all those folk commuting to work from the "Black Stump" to the CBD, because just about every immigrant - that's where they'll want to work. I guess a handful will choose to work/live out in the boondocks. pfft

Just to add an anecdote about the current market into the mix; was speaking to one of the very long-standing agents in our area two days ago.... When asked how he was going, he told me that they were currently selling 4 houses where last year it was 10 for this month, and house prices haven't...

Agree there. More workers than jobs means lower wages. In the US, the problem has been the illegal labour, which was very cheap. This has had an effect on the minimum wage - it's around $7 per hour. They are starting to address it as a crime to employ these illegals, but for what...

Just what we need...another country with over a billion people in it. Thank god I'll be long gone by the time it happens. I feel sorry for my son though.