Oh come on, Boss. Even you must have stopped reading at the line 'Our mortgages are fully recourse whereas in the US, they are non-recourse'. This falsehood has been laughed off so many times it's in danger of suffering a hernia! Irrespective, this is an opinion piece, no more, no less, and worth as little as the research that obviously wasn't put into it. Note how it also doesn't leave an option for comments? NB: All the puff pieces use this tactic now following a few embarrassing 'stories' that received hundreds of mocking responses. Fearmongers? Spruikers? Fair enough - who knows what might or might not be coming in the future? This author's view is as relevant or pointless as the next man's. But I'll tell you something, though. The fact is that there's no need to look ahead, as it's happening now. Read this and tell me it aint so: http://smh.domain.com.au/real-estate-news/blogs/domain-investor-centre-blog/dont-discount-price-discounting-20110930-1l112.html
