Re: Australia housing bubble
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Quote:
Originally Posted by b0son
The 'bubble' didn't exist until late-90s onwards... a period of modest appreciation is not considered part of the bubble, the rapid appreciation well above trend, is.
Recessions have a habit of bursting bubbles, and this is the first time we've had anything that resembles one.
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Don't agree….even the recession we had to have in 1990-91 and the double digit interest rates that prevailed then wasn't enough to wipe out the gains made from the property boom of 1987-89 – a boom that was the catalyst for the introduction of anti-gazumping laws prior to which you could agree to sell a property then back out of the sale because some other person offered to pay you (enter a number here) grand more for it.
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