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What Housing Bubble? Most Australians Couldn’t Afford $100 Mortgage-Payment Hike

Authored by Mike Shedlock via MishTalk.com A new study shows 57% of Australia mortgage holders could not handle a $100 increase in their loan repayment. Stress has turned up in even the wealthiest cities. But who is truly wealthy? Paper profits on homes with enormous mortgages does not constitute wealth. Please consider $100 Tipping Point […]


Housing Bubble 2.0: Number Of Homebuyers Putting Less Than 10% Down Soars To 7-Year High

A really long, long time ago, well before most of today’s wall street analysts made it through puberty, the entire international financial system almost collapsed courtesy of a mortgage lending bubble that allowed anyone with a pulse to finance over 100% of a home’s purchase price…with pretty much no questions asked. And while the millennial […]