Wednesday, May 13, 2009
These buyers may be vulnerable when interest rates begin rising, potentially triggering a jump in fo
Bloomberg: Australia May Face Debt Crisis From Grants to Young Home Buyers
“We’re mirroring what happened to the U.S. three years ago, when people who shouldn’t have been in the market bought houses,” said Martin North, managing director of Fujitsu Australia, a Sydney-based property-consulting company. “It’s a strategy set for an unfortunate outcome.”
Posted by chris @ 12:17 AM (178 views) Add Comment
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