you look online and realize why 'poor people' will always be 'poor' Housing tanking is a bad thing if you couldnt afford a property before you wont be able afford one now as you borrowing capacity is 'greatly' reduce - in addition people dont sell if they dont have to thus supply is reduce
meanwhile rich people with cash know this down turn wont last too long and they will hoover up assets from people unable to maintain their repayments resulting in them getting richer.
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Aus property market tanking, page-12
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