In the USA real unemployment is around 20%.
We have nothing like that here. In fact, we have not really had a recession here!
Nor do we have our property market inundated with sub prime borrowers like in the USA.
We are also leveraged into Asian growth - China will continue to grow and is not dependent on the Western world.
Now property prices may come down - nothing ever goes up in a straight line, but predicting a 40% or more decline seems right over the top to me.
- Forums
- Property
- why complicate housing crash discussion
In the USA real unemployment is around 20%.We have nothing like...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)