The Importance of Thinking About Housing Markets

Australia is in the midst of one of the biggest bubbles in history. The mortgage rate so how much you're repaying has been about 4.5%. That means that your investors are losing money on the carry and only makes sense in a context where you think you're going to make money on the appreciation. So this is like a national game of poker where we're sort of exhibiting level 2 and level 3 thinking, we're thinking about what everyone else is going to do and betting on homes that way. It's pretty clear that Australia is inThe real question then is whether and more importantly when the bubble will burst because bubble issort of different terminology to a boom, a bubble has negative