do not forget that thousands of immigrant workers are only on temp visas.
when they get sent back from the mining fall out their 'homes' will become available and will add to the housing pressures ........... downwards.
if you want to know what happened in spain when we hit the fan then all you have to do is look at the spanish bank sites for their property sales of the millenium. 60% off is not uncommon !!!
junkish properties bought to house them. now no one wants them. all this affects the general housing nkt. from the bottom to the top. it feeds on itself.
