Yes it is different here: home loans in the USA are non-recursive, subprime loans account for 20% of the US market, investors cannot claim deductions for rental properties, levels of construction were at an all time high in the US in 2007 and 85% of US residents do not live within 50k/m of the coast.
Maybe thats why, broadly speaking, Australian house prices only fell by a mere 3% in 2008?
Oh but I know..."the worst is yet to come."
Maybe for the ASX but not for Australian property.
- Forums
- Property
- why property prices will/ won't crash
why property prices will/ won't crash, page-3
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online