An Unproductive Asset – Brendan's posterous
The resulting $1 billion in total sales will no doubt be further evidence for some observers that Australia’s market is headed for a US-style price crash. Others will see the property bandwagon as only just gaining pace. Get aboard now or be left behind eating dust. …. ‘Many got caught up in the real estate gold rush,’ Guillén says.” “”To raise cash, the cajas are scrambling to sell properties they have seized as collateral, which could further pummel housing prices. …
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