I said you can pick up certain properties for .20c in the $.
Most properties will fall by at least 30 to 50%.
The better houses in the better suburbs will fall the least and the ordinary houses in the less desirable suburbs will fall the most.
I well remember the last serious recession in Melbourne back in the 80's.
A beautiful building at 333 Collins st was built at a cost of $1 billion.
Magnificent building, prime location (none better than Collins st Melbourne)state of the art in every way.
Sold for $200 million.
.20C on the $.
Amazing how it happens but it does.
No different this time round.
Or maybe it is,this time the debt levels are higher.
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