Re: Australia housing bubble
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Another risk people forget about is that if the value of the property falls lower than than the mortgage then the bank will want some cash. There will be nowhere to lend this from (other than friends or relos) and the bank will forclose the mortgage.
Falls were always on the cards and should have happened 10 years ago but shortsighted policies are now being felt.
There will be a dead cat bounce in a year or so and the big correction around 2022-2023.
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