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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Tradelite who wrote (86117)8/19/2007 7:26:39 PM
From: MoominoidRead Replies (1) | Respond to of 306849
 
It's not hard for places where the gap is very large. Where I am about to move to in Australia (Canberra) the going rent for the average $A500k house is $A400 a week. Interest rates are above 7% and there is no mortgage interest deduction. The only way this can make sense is if there is strong expected ongoing price appreciation. Given the chart I just posted that doesn't seem likely.

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