Unemployment is not a threat to property market.

[boomtown]

The pricing of mortgages is interesting particularly when you compare it to commercial credit. And you're right, a cynic *might* suggest that while the government is doling out guarantees and providing liquidity, banks are keeping some of the pain away from the group carrying the largest number of votes and capable of delivering the Feds the greatest amount of grief (and the Feds would cause pain for the banks as a result).

The banks arent stupid - they know they cannot afford to really piss off the general population. If they are going to be rip off artists, it has to be hidden quite carefully.

 

[topcropper]

Hi TC,

Here's that article:

http://www.smh.com.au/news/national/nsw-in-recession/2009/01/18/1232213448316.html

Cheers,
Michael

Hmm. Sounds like the whole gist of the article is that NSW should outperform as things can't really get any worse.

Interesting that the wet wheat harvest got a mention. I know all about that one.

See ya's.

 

[BayView]

?????



isnt this character limit annoying?

....Yep......

 

[coastymike]

I think you're right Bayview but it seems to fit nicely in a few other situations.