Australian property and banks are in serious trouble
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It took a long time for these issues and property bubble to surface however it's finally here, goodbye property and forever rising bank shares - get out while you can!
Comments
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Who's going to be paying for this when the mortgages start defaulting? The taxpayer? the saver? wage earner? I'm sure its going to be everyone except the banking crooks who were collecting the profits for issuing sh&t mortgages.
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Doubtful..what does domestic economy matter when Australian property is open to the world.
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Buying a home and having a great life like the baby boomers is not possible anymore... slavery and erosion of human rights and serious breaches of privacy and the disfunctional administration of law in australia has left the younger generation with broken dreams... except for the ones that have elite parents and get the better half of the two teared system which unfairly cross privileges some people.. let it crash and start a new not as a sheep with its head up uk and usa ass but as a leader
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we all feel so very sad for their predicament ,with their record profits , ha ha ,the whole problem is they just don't want to take any adjustment on their profit margin as everyone else has had to, in our daily lives , they just want us all to take the hit but not them ,I could go back to the 80,s when average jo mortgage holder suffered massive interest rates for their mistakes ,I was paying over 19% and almost lost my home , they have always dictated the conditions , and for my money they are a necessary evil and it would not bother me to see them all go broke. ps.--- but I bet they would take your money first before they did.
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"never take the investment advice from a politician" - Roger Montgomery
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