bubble turning australia into a renter nation.

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    Front page of the Weekend Australian Financial Review today:

    Expensive housing turning Australia into a nation of renters
    http://www.afr.com/p/national/expensive_housing_turning_australia_WSw4y4QvQDc89p6aAiYKGI

    "Short of a dramatic reverse in the next 10 years, the proportion of renters will rise inexorably to European levels, as the high- ownership generations pass on."

    We all know what happened in Europe.

 
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