The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (227353)	11/4/2009 11:58:02 AM
From: Elroy Jetson	Read Replies (1) of 306849

One major reason Australia's economy is getting better sooner is that the Australian Reserve Bank stomped on their housing market while the U.S. and many other nations were running a credit bubble. This effort was augmented by tripling property taxes on those individuals with total residential housing investments over a certain threshold to drive away speculators. Australia also never followed the suicidal Ronald Reagan model and thus did not lower their progressive income tax rates. As a consequence, Australia has no net government debt. .

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