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« on: March 29, 2022, 12:22:14 AM »
This phenomenon is the same in Australia.
Since the pandemic, our prices have increased by 20% as a minimum.
The buyers are enticed by cheap interest rates. The Real Estate Agents are concerned with commissions and the bank want to fund the purchase to secure an income stream.
Debt has escalated worldwide and is out of control.
Added to this the increase in costs of living with food, energy and disrupted supply chains in building materials and other goods have changed the landscape all over the world.
Where will it all end…..CRASH!!!!!
And I don’t mean the car type either.