Thursday, February 14, 2008

Struggle Street

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 (499 views)
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One thought on “Struggle Street

  • I’m sure there’s a Neighbours joke in here somewhere ?

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