NAB 0.00% $38.95 national australia bank limited

NAB, Banks and Looming Mortgage Crisis, page-6

  1. 13,234 Posts.
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    Bubble created and supported by overseas investors
    They were busy biying one. Sell at profit and buy more property. few yards away from my house massive housing development. I personally talked to several of them. most are ovrrseas investors and owns several properties in Melbourne Eastern suburbs.
    Now the down turn has started. Hardly any of them have a job.
    Give  few more years bubble will end  miserably for lots of people leaving them empty handed.
 
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