ASX 1.46% $57.55 asx limited

us real estate nightmare getting worse, page-2

  1. 819 Posts.
    yeah, it might have the horrible effect of depressing house prices, so that my generation can actually afford a decent house somewhere other than Alice Springs.

    A bust in house prices here would make life hard for a lot of people, but there are a lot of Australians who have the stupid idea that property "never goes down". They need to learn that getting 3 investment properties and being negative geared up to their eye balls is *not* a ticket to wealth and does carry risks.
 
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