For one thing our credit laws have been far stronger since 1996 and more so since 2010. It's a real factor
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
In Aus, they've been talking about the housing bubble bursting for going on 2 decades, and it steadily rolls on. Aus ≠ US. Differences.
-
You're right, differences: Oz house prices, household debt to GDP & household debt per person all HIGHER than US, Ireland & Spain pre-crash
-
I'm no expert. I did look at investing in US housing some time ago. Then, main thing I found, was attitude. Housing in US disposable.. 1/2
-
whereas in Aus, seen as core necessity. Also IIRC, in US mortgages tied to the property, so people can walk away, in Aus, tied to person.2/2
-
"seen as core necessity" Then y r Chinese companies buying 38% of all the residential development sites sold in Aus?http://www.smh.com.au/business/new-investment-rules-to-curb-chinas-foreign-acquisition-binge-20170820-gy033p.html …
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.