From Newsgroup: alt.politics.usa
https://www.dailymail.com/news/article-16005321/real-estate-housing-market-auction-tom-panos.html
. . .
Prime properties NOT being sold. Nobody
even INTERESTED.
Sorry, the PRICES have just gotten totally
out of hand. Nobody wants to spend that much
on a house or little square of land. The
last wave of speculators are SCREWED,
The US property market is BAD, in Oz it's
been even WORSE. Hardly any in the pop can
even THINK about owning property.
The USA saw similar about a decade back.
Hyper-inflated market, everybody SURE they
could get loans and buy - and then flip
for twice the amount. Worked for a little
while, and then.
Put a MASSIVE hurt on the banks when nobody
would/could repay the loans. The 'loans'
thing has always been sort of a pyramid
scheme anyway - everyone MUST repay, with
interest, or else it all just implodes.
Oh, and NO "regulations" fer shit, even after
that debacle. Shows who owns the politicians.
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