Thanks mouse with your reply. As I agree with you in terms of...

Thanks mouse with your reply.

As I agree with you in terms of the two states being holiday destinations but if I can also add 82 out of 100 zip codes got hit the hardest during the collapse and they were all in the West Coast. California had 38 different zip codes with foreclosures followed by Nevada with 28 foreclosures. If im correct Cali is a family home area to live long term just like Melb and Syd.

Where you said "Popular spots in NY & Cali also seen 30% + reduction" - so you're saying Melb and Syd may experience the same kind of scenario where we see a 30%+ reduction in homes but will get the gains back just as quick? if yes, a quick or slow recovery doesnt really matter once the damage is done and will give the younger generation a chance to buy a home for long term instead of foreigners buying and builders flipping houses like what they are doing today.


Certain data is what matters to me most (which i wont get into), everything else is noise

As always, IMO