Guest Posted August 22, 2006 Share Posted August 22, 2006 Article in the Sydney Morning Herald highlighting the spread of negative equity in Sydney: Home owners find equity a spent force This along yesterdays article Housing crash puts sellers in debt crisis These articles were some of the top read articles in Sydney, and I think its really starting to sink in that the worst is yet to come! Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted August 22, 2006 Share Posted August 22, 2006 I think the UK should be experiencing the same conditions as Australia by now.The key difference being the 600 000 Eastern European immigrants who have arrived since 2004 propping the BTL market.I still think we are postponing the inevitable crash. Quote Link to comment Share on other sites More sharing options...
Betsy Posted August 22, 2006 Share Posted August 22, 2006 Yes here in Sydney the mainstream media has been quiet on the whole thing up until now. They gleefully reported about how wonderful it was that prices were doubling every year, barely a whisper when they were stable and then suddenly about four months ago they took to reporting real estate agents in their last crazy efforts trying to convince everyone that prices were in fact about to go up. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 22, 2006 Share Posted August 22, 2006 (edited) In some ways I guess its no suprise that the popular media doesn't want to publish articles about house price crash due to the negative effect on their revenue through RE advertising, though very dissapointing I keep hoping that some of these media giants would be less biased, I'm sure it'll happen someday It's certainly no suprise that the general population doesn't want to know about house prices crashing, such vested interest. Edited August 22, 2006 by Guest Quote Link to comment Share on other sites More sharing options...
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