"I see real estate going down 60 to 65 per cent in the US, it's probably more like 30 to 50 per cent in Australia, but that's still enough for you to say: Hey why would you go buying real estate?"
I agree with his sentiment there. A loss on principle of that magnitude would take a decade to get back what a terrible situation.
30 to 50% down in australia, page-4
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