The last time I look on Realestate.com, I see multiple pages being listed for certain suburbs of new apartment and townhouse developments now flooding the market.
If these suckers can't find tenents soon, then they will have to sell their own homes as the banks start to breathe down their necks.
Frankly, once the banks start to value properties nation-wide realistically reflecting the crash price plunges, the asset value, loan ratio will start to look shaky.
If they can't get offshore funding now, they will NEVER get offshore funding later.
