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  1. Player

    We will defy history if the bubble doesn't burst

    Price is relative Agree. It's all a matter of relativities, Urbanprospector. Automobiles, TV's whitegoods, etc., and all manner of entertainment devices are cheaper (and accessible as some weren't even invented back then) in real terms and/or relative terms. I'm not sure how much of...
  2. Player

    We will defy history if the bubble doesn't burst

    Maybe, however consider that we have a very low percentage of NINJA loans here compared to the US and tighter lending. Even their Alt A's and ARM's are different to our honeymoon rate loans here. Throwing money at people when all tides are rising is one thing, however having non-recourse...
  3. Player

    We will defy history if the bubble doesn't burst

    FHB should start small and trade up Apparently it is not just Europe that has PIIGS, our Aussie market status is also a case of porky pies: http://www.theaustralian.com.au/business/property/affordability-crisis-a-housing-industry-fiction/story-e6frg9gx-1225871706291 Methinks the...
  4. Player

    We will defy history if the bubble doesn't burst

    Mr. Keen has quite a bit to say here: http://www.businessspectator.com.au/bs.nsf/article/the-home-lending-dive-will-continue-pd20100517-5j4xu?opendocument&src=blb&
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