Re: Covid 19 -
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Maybe my bro can get out of the market then. Bought in QLD because his wife said so even though he was on min wage. Almost got financially ruined when it burnt down and FA he could do in WA, they relied on the rent to pay that 2nd mortgage and rents were low a couple of years ago.
20 years ago on min wage you could buy a house for 160k easily - imagine that! Now those that bought cheap back then (or even cheaper pre 1995ish) are buying everything else up with the banks money and there's not much left over for businesses to get from peoples spare income because all money is in housing (either mortgages or rent)
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