Thursday, Feb 14, 2008
Struggle Street
Sydney Morning Herald: Welcome to the new Struggle Street
Welcome to the new Struggle Street - the middle class, suburban Sydney road where four houses in a row of six have been repossessed within 10 months of each other.
One expert warned that a combination of rising interest rates, stagnating house prices and irresponsible lending had created a "time bomb of loans that is probably going to implode".
Posted by jd @ 07:38 AM (184 views) Add Comment
1 Comment
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1. doomwatch said...
I'm sure there's a Neighbours joke in here somewhere ?