$1mil lol yep! if housing keeps climbing at this rate a basic 3...

$1mil lol yep! if housing keeps climbing at this rate a basic 3 bedroom house on a small suburban block will cost $1,000,000 in another 7 years.


$1mil home loan will cost $8K a month to pay it back at current interest rates lol

If subprime does push rates up to 15% thats $13K a month repayments!

for somone on $60K P.A a year wages they will need to take up drug dealing and pimping their daughters out as prostitues to pay for their basic bottom end 3 bedroom house lol

Housing market price correction is coming, brought to you by subprime, if you think house prices are on their way to $1mil in the next 10 years, i can only say god help you.

Why do you think america is in such a mess? because they are ahead of us in their housing cycle, had the housing market still been climbing subprime would not be a problem as everyone who defaulted on their mortgage would be selling at a profit and the banks would not be losing money!

WAKE UP AUSTRALIA!