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Only while the housing bubble lasts...

• nl 16y ago
  It's not a bubble when Sydney rents are the second most expensive in the world because of a lack of supply. It's not a bubble when interest rates are 8% and loan conditions are amongst the strictest in the world. It's true that prices could stagnate or even drop somewhat if unemployment started to rise. But that's a very different situation to a true housing bubble like in the US or Ireland that was driven by cheap credit and easy loans.