Hi Guys
Came across a very interesting thread over at Somersoft that makes for an interesting read
I knew it was bad in the US but didnt realise the extent of how their housing market has crashed. ATM it concerns me greatly that people are paying toooo much for property that is normally considered '2nd rate' and find a few months/years down the track it is worth less than the inflated price they paid.
have a read at this thread
http://www.somersoft.com/forums/showthr ... ght=trusts
Dont think it wont happen in Australia as already in some regional areas, property prices are decreasing at an alarming rate.
What are your thoughts about what is happening in the US and do you think it will happen in our major cities in the near future?
Mrs B