If the economy is relying on housing to sustain it, which relies on increasing personal debt, it will inevitably collapse. If we didn't have the bubble in the first place we would not be sitting here worrying about what may happen if it bursts! Nothing will stop the economy eventually failing, but delaying the collapse will just make it worse in the long run.
However, after seeing an auction today, and noticing the lemmings jumping back in with gusto over the last few months,it seems like the delay is the preferred scenario for Australians!
- Forums
- Property
- proof of the house price bubble
proof of the house price bubble, page-28
-
- There are more pages in this discussion • 52 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online