So you borrow $1m and buy a $1m property so now you're wealthy?
That report is garbage. It's based on gross asset values and particularly the property market boom.
Debt - government and private - is a ticking timebomb.
http://www.marketsandmoney.com.au/a...-disposable-income-ratio-in-world/2010/02/03/
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So you borrow $1m and buy a $1m property so now you're wealthy?...
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