Saturday, 23 October 2010

Housing prices - comparison USA v Australian : Joe Hockey's levers


Thanks to Paul Howes on Twitter for this.
Every picture tells a story, it is said.
However, it is more than likely that this is not the whole story.
Have seen and heard stories of some very cheap housing
because of mortgage defaults in the US.

Perhaps the three US houses shown are not from mortgage defaulters?
Perhaps the article is there to reinforce Joe Hockey's preference for levers?

 Paul Howes 
The front cover of today's AFR is just depressing


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