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- 3 July 2009
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In Sydney, Melbourne it needs to, the ponzi scheme over there has needed pricking for some time IMO. It does nothing for the economy, drives up the price of wages therefore services and encourages further speculation.I think if RE craters it will be exceptionally bad here and already (if we look past Corelogic's creativity) there are signs of big trouble.
Like I said time to blow that market out of the water IMO, short term pain for long term gain, on many fronts.
Just my opinion.