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nope, market didn't crash in Australia. It dipped, but didn't crash. Part of the reason why the Aussie dollar is so strong against the US dollar now. It's a great time for Aussies to be buying stuff from the US - and me without any cash.
I figure DecoSBoss meant that the $30,000 house bought 25 years ago could be worth $500,000 today
Yeah, I figured that was what he meant, but I couldn't resist the opportunity to misunderstand him Anyways, the market is not bad here either. Some people lost a lot of money in Copenhagen and perhaps in Århus (our second largest city), but here where I am it only dipped, like you said. Alot of the people who lost money played the market with risky loans, and if you're willing to gamble like that to earn a fortune, you should accept the risk too. Too bad the politicians bailed them out - but I guess they had the same type of mortgages, so no real suprise there
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