@TonyShaw22 Given the 5%? Surely not? Wasn't it structured so they didn't need to bear the cost of mortgage default insurance? Which country is run by total morons that would give deposits to foreigners to buy houses? Most of the foreigners probably own property in their home countries.
@PinguCapital@TheKouk Hong Kong property values fell 25% in the fouth quarter of 1997. Aus had peak resi Euphoria in Nov.
Portsea already off 30% from the peaks. People can only learn the hard way.
@GeoffWilsonWAM@DerekFranc90653 What happens to all the people working in the junior resources companies that build the future of Australian when their drive fuelled by share grants and options get crushed by 47% CGT? Need to just insist on more cash now.
@bowtiedstocks Hong Kong dropped 25% in final quarter of 1997. In Aus, the Resi Euphoria was off the charts in Nov 2025 as Albanese was migrationmaxxing and 3 rates cuts were in the bag for 2026. Euphoria: an intense, overwhelming feeling of extreme happiness, excitement, and well-being.