defaults can also trigger re-evaluation!
(somebody already mention that in previous threads...cnat remember who?)
few glitches could trigger the disaster of revaluation, although i think lot of the 'first wave defaults' will be dealt with through the 'hardship clause'...
if they become too numerous...hmmm...
one thing is a SURE THING!
... none of the above will do much for the confidence and expecially for the prices !
i fully agree with unemployment looming claim!
nsw and vic are totaly idle already...its just creative counting thats hiding the 7% or 8% (if not higher numbers of unemployment) !
where housing investors could come unstuck, page-4
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