And they all know Bill is going to win the next Federal election sai they have stopped buying LiberalAus
This is nothing in terms of tighter credit standards coming the final RC report next Feb 19. Market will be like this for a few years
No credit. Put houses on the market at lower and reasonable 'new market' prices. That's the peril of overinvestment pushing up an artificial market. What goes inexorably up, must inevitably fall. To the benefit of ordinary people. Not investors. If gambling, have some $$ aside.
Brilliant stuff here from the RBA. 'Investors who previously bought property on expectation price would go up, are now more reluctant to buy as price goes down'
...he was right.
...David Suzuki once said that 'growth' is damaging the worlds finances, everything is based on 'growth', but it's unsustainable.
phil4change ⬆️
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