NEWS TV & VIEWS

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WHERE TO NOW FOR MELBOURNE PROPERTY MARKET?

By Victor J Nicholas December 5th 2008 When we thought we had seen it all in real estate circles, this latest calamity going by the seemingly innocuous moniker sub-prime has stricken the United States, the U.K., Germany, Iceland and elsewhere with the force of an economic tsunami that has sent many into a tail spin with the media gripped by daily horror stories of overseas lending institutions collapsing under the crushing weight of debt. While seemingly striking over night, sub-prime is anything but an overnight sensation. Infact, sub-prime’s origins can be traced back to the US real estate boom in the late 1990’s where transient finance brokers eagerly lent money to borrowers who did not m

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