RE: World economy at risk of another crash
October 5, 2018 at 5:08 am
(This post was last modified: October 5, 2018 at 5:10 am by ignoramus.)
Australia and NZ are both on the verge of a crash.
Aussie home sale prices have dropped 5-10%. This is expected to be the tip of the iceberg.
From now to the end of 2020, 360b dollars of interest only loans will convert to interest and principle.
In 2020, the total sum of mortgage distressed homes will be the one to break the camels back and bring the whole country's economy down with it.
House prices will fall 20-40%. Thousands will not only lose their investments, but their family homes as well as a result of buying investment properties at inflated prices.
Its' crazy how people have such short memories...
Aussie home sale prices have dropped 5-10%. This is expected to be the tip of the iceberg.
From now to the end of 2020, 360b dollars of interest only loans will convert to interest and principle.
In 2020, the total sum of mortgage distressed homes will be the one to break the camels back and bring the whole country's economy down with it.
House prices will fall 20-40%. Thousands will not only lose their investments, but their family homes as well as a result of buying investment properties at inflated prices.
Its' crazy how people have such short memories...
No God, No fear.
Know God, Know fear.
Know God, Know fear.
