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    We will have a property crash, but this isn’t it! (M. Yardney)

    Our economic conditions are similar infact - all those countries consume more than they make and fund it with debt.
  2. Y

    We will have a property crash, but this isn’t it! (M. Yardney)

    Yes - maybe the wrong link - it was about new builds. I think it's common knowledge though that unsold existing homes (inventory) is up signficantly in Brisbane and across Australia. There is media about it, I've seen some APM figures, and I see it with my own eyes - for sale signs...
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    We will have a property crash, but this isn’t it! (M. Yardney)

    Same in the UK, same in California - towards the peak of their bubble they had low vacancy rates, high prices. I found articles similar on Dublin infact! Shortage of "well located homes" was the language used - wow, that is familiar language! My point is the "shortage will save us" story is...
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    We will have a property crash, but this isn’t it! (M. Yardney)

    The shortage will save us argument was rampant in Aug 2007 in the UK 7 Aug 2007: UK house prices to rise 40% by 2012 http://economictimes.indiatimes.com/News/International__Business/UK_house_prices_to_rise_40_by_2012/articleshow/2261318.cms June 28 2007: U.K. House Prices Rise More...
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