Do u not see what is going on in the rest of the world? There has been a credit bubble in real estate.It was packaged off into bonds and sold around the world,hence the credit crunch.The IMF about a month ago target Australia as likely to have a real estate crash.Australian housing is 10/12 times The average wage .History tells us the norm is 5/6 times.THE STOCKMARKET IS A LEADING Signal Trouble for real estate is just starting.
