wow, seems like I started a hornets nest of discussion!! i will add 1 thing....In australia if the bank forcloses on me and if there is a shortfall of say $20k the bank chases me and bankrupts me etc...in the usa they could just hand back the keys..the shortfall never followed them...this is a major difference and may make aussies think twice.. Now picture this scenario: Investor with 5 homes ...values start to fall..they will do whatever it takes to protect their OWN home they live in...and will dispose of the investment property in a flash...and the way the spruikers have run their shows is piggy back against your own home...so many right now would be wise to offload , if it could jeopardise their own home...just some extra thoughts in a interesting discussion..
