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Smurf1976

Australia: Sydney Repossessions Reach New Record

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The correction wave appears to be moving in a westerly direction. Southern California has had 3 months in a row of falling medians and Boston has reported problems in their bubble market for December and January. UK VIs still waiting for Spring Bounce though despite no FTBs, rising bankruptcy rates, deteriorating employment and high relative interest rates!

Another doomonger artcile from OZ:

http://firstrung.co.uk/articles.asp?pageid...articlekey=1235

Sydney property prices peaked in the second half of 2003 but have fallen nine to 10 per cent since then. Reserve Bank figures show Sydney house prices fell 4.3 per cent in the year to September.
Edited by Realistbear

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I think the fact that the Reserve Bank says prices are falling is the most important bit. In the eyes of most people, the Reserve Bank is a very credible organisation which knows about economics. So it carries more weight coming from them rather than some unknown economist or commentator etc.

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I think the fact that the Reserve Bank says prices are falling is the most important bit. In the eyes of most people, the Reserve Bank is a very credible organisation which knows about economics. So it carries more weight coming from them rather than some unknown economist or commentator etc.

That's true.

When the govenor of the Bank of England speaks, everyone listens, even complete fools.

Oh, the power !!!

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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