You are viewing a single comment's thread from:RE: The Ultimate Reason Real Estate in Australia is So ExpensiveView the full contextlydon.sipe (67)in #investing • 9 years ago Sounds like the 2008 US housing crisis all over again.
Our lending standards are higher than in the USA prior to 2008 but our banks are highly leveraged. So if the bond market implodes overseas or the wholesale lending market dries up, a lot of people could be in big trouble.