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Aussi Banks have huge stake in Housing !, page-7

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periform

278 Posts.

16/10/16

19:22

Post #: 19893677
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Originally posted by einstein ↑

It was in the Courier mail ,on Tv. etc. Common Knowledge, A 15% fall in house prices will Decimate The Banks ! and that's possible Look at WA . for example ! Panic sets in when units fail to sell, or auctions slow down , then its everyone for the exits ! But of course many get trampled "to death' trying to get out ! From Builders ,subbies , investors , R.E. Agents , THOSE WITH HUGE MORTAGES ,, they all get that horrible empty stomach feeling ! and I tell you from experience , its a gastly feeling !! Hav a good day, and Remember NOTHING LASTS FOREVER !!

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Have you experienced or scene this happen youself in other markets?
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