www.armstrongeconomics.com
Property values are starting to crash hard in Sydney Australia,
New Zealand, and London. Politicians are simply idiots. They all
targeted foreigners buying property as the leading cause for the rise in
housing prices. What they failed to grasp is that people spend more
money when they THINK they have equity in their home.
Whenever housing
starts to decline, so does consumer spending and guess what – you get
the economic downturn. Dah!
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