Six weeks from a housing collapse, page-85

  1. 39,009 Posts.
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    You work in the industry ( whichever that one is ) and you are saying that things weren't incredibly , I repeat , incredibly tough and you seem to think that it was business as usual . Whether you were in banking or property I find your claims incredibly hard to believe .

    So why don't you tell the forum some stories about building or selling or renovating during that time which would have involved financing as well . After all , you are ' in the industry ' .

    The all ords fell 3000 points in 2 years and you say that things were still ok ?

    " I have been relying on google for a decade . " Apparently .

    " If someone else asked me to provide it I'd be happy to. You on the other hand I'll be selective in what i will waste my time on "

    So , rather than provide the information for the forum discussion ( the reason people come here ) , you are not going to just to spite me ? That's really mature .

    As far as the property market shutting down , are you suggesting that if property values fell 40 -50 % ( as the extreme bears predict ) in a very short time banks would continue to lend money to builders and developers or home equity customers ? Are you saying that as house values fell below the amount that was owed on them that we wouldn't have a major , major impact on the real estate industry and the banking industry itself ?

    I point to Ireland 2010 as an example .

    https://en.wikipedia.org/wiki/Irish_property_bubble

    Notice how I actually provide a link ? No excuses , no tantrums , no treasure hunts .

    Hopefully some readers will use the link and find it an interesting read . Never know , we might even have a grown up conversation about it .
 
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