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September 9, 2017 08:37 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Ob6LkQOg71I/bubblelicious.html
Australia's housing bubble is built on a deadly, about-to-burst credit bubble
If you buy a house in Australia -- where housing prices are out of control, even by global standards -- you can wait a couple months for the house's book value to go up, and then borrow against that "unrealised capital gain" to buy another house...and then you can do it again. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/Ob6LkQOg71I/bubblelicious.html
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