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It is bursting gradually. House prices are dropping. Unemployment up, highest personal debt in world, high utility prices, etc. Unlike USA, Australians can't s
by Joakal 7y ago
It is bursting gradually. House prices are dropping. Unemployment up, highest personal debt in world, high utility prices, etc.
Unlike USA, Australians can't suddenly drop their debt for properties. Maybe under Labor you would get your burst bubble.
- danieltillett 7y agoYes but with governments playing with things like margin requirements, tax policies or income verification it is a moving target. House prices here are unsustainable in the long term, but prices can stay unsustainable for longer than you can stay solvent betting on crash.