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Will Melbourne real estate prices collapse ?
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<blockquote data-quote="CreviceSucker" data-source="post: 562985" data-attributes="member: 1804"><p>its natural to expect a lag between phases ;</p><p></p><p>COVID > > unemployment . March , April , May</p><p></p><p>residential rentals being abandoned March , April , May , June </p><p></p><p>residential mortgage foreclosures / forced sales May , June , July , August , September , October ></p><p></p><p>increased numbers of Business closures > commercial rental vacancies > Pressure on banks > divebombing economy off a cliff without a parachute ?</p><p></p><p>During the GFC i witnessed mortgage repo auctions where quality homes and land sold at 50 % of what they had traded at over the 6 months prior.</p><p></p><p>Christmas is usually a tight time for money , can you imagine what chrissy will be like this year for domestic violence ? :awful: </p><p></p><p>Put a cop on every street corner please.</p></blockquote><p></p>
[QUOTE="CreviceSucker, post: 562985, member: 1804"] its natural to expect a lag between phases ; COVID > > unemployment . March , April , May residential rentals being abandoned March , April , May , June residential mortgage foreclosures / forced sales May , June , July , August , September , October > increased numbers of Business closures > commercial rental vacancies > Pressure on banks > divebombing economy off a cliff without a parachute ? During the GFC i witnessed mortgage repo auctions where quality homes and land sold at 50 % of what they had traded at over the 6 months prior. Christmas is usually a tight time for money , can you imagine what chrissy will be like this year for domestic violence ? :awful: Put a cop on every street corner please. [/QUOTE]
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Will Melbourne real estate prices collapse ?
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