just saw a moron from ABN AMRO on the news parroting the "alarming" statistic that 18 million homes are empty in the US. He must have got from some gold bull web site or maybe read it on hotcopper because its a complete load of BS.
Of these 18 million empty houses only 2.3 million are for sale (the rest are holiday houses, for rent, being renovated etc). This figure of 2.3 million is only 6% higher than it was in 2007 or about 138,000 houses that you could ascribe to the sub-prime construction boom.
Hard to believe CBA is interested in buying the expertise of idiots like this - perhaps they feel the need to compete with NAB and ANZ.
just saw a moron from ABN AMRO on the news parroting the...
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