unit glut will bring down the whole ponzi scheme, page-4

  1. 6,098 Posts.
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    OK Moon here is one for you. Mate looking very stressed today. Signed up for off the plan unit in West Perth, nice street but. The unit when completed was much smaller than he thought, did not do his homework. 76 sqm and 3 bedrooms. Bridging finance as bank would not lend home loan. 600K bridging finance till he can sell it. In any market there are winners and losers. Yes Perth apartments are disasters but they are only one segment of the market. Never ever buy units.
 
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