Oz - Property Market Collapses

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.