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16/04/11
09:02
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http://www.theage.com.au/national/budget-reveals-massive-slump-20110415-1dhzv.html
OMG ! I delcare that anyone who can't get out in the next 2 months will not be able to get out at all without losing an arm and a leg.
The government is broke !
High interest rates (high inflation) !
No stimulus !
No First Home Buyers !
No buyers (of any kind) !
Falling Prices !
Even less demand !
More price falls !
Banks ask to top up !
More defaults and reposessions !
Few buyers still !
More listing glut !
More price drops !
Banks ration credit !
Credit sqeeze exacerbate meltdown !
Negative feedback loop goes into autopilot !
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