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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST
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To: elmatador who wrote (36705)7/7/2008 8:35:58 PM
From: Moominoid  Read Replies (1) of 218067
 
Absolutely true. Australia similar to UK and California at height of the bubble. And with the RBA's cash rate at 7.25% (mortgage rates north of 9% with no deductions for owner occupied property) plus large state "stamp duty taxes" on buying a house, I think you have to be nuts to buy one now. Unless you think prices are going to continue to rise at a pretty high rate in the long-term.
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