Australia housing bubble - Australian Ford Forums

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Australia housing bubble

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19-08-2024, 09:20 PM

#21

Citroënbender

DIY Tragic

Join Date: Apr 2018

Location: Sydney, more than not. I hate it.

Posts: 22,503

Chairman's Award: Chairman's Award - Issue reason: Your outstanding contributions to this community have not gone unnoticed. IN my view you are a worthy recipient of the (rarely used) Chairman's Award.

Re: Australia housing bubble

Quote:

Originally Posted by John 13

WA government effectively bailing out large over committed "builders" in order to get homes completed. Appears that some MAY have used a pyramid scheme; over committing, tying up customers with contracts and then using new customers deposits to fund jobs in hand.

Who’da thunk it? Builders front-loading contracts to finish prior jobs.

I’m not sure if it’s technically a pyramid scheme but quite likely trading insolvent.

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blueoval

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