“The problem now is that the fundamentals driving the slide...

  1. 5,464 Posts.
    “The problem now is that the fundamentals driving the slide cannot easily be altered. An interest rate cut may ease the pain but won't cure the affliction.

    That's because the housing market is being undermined by two potent forces; much tighter credit conditions and a looming supply glut.“

    IMO The same two things that made the US downturn in some locations so severe.

    https://mobile.abc.net.au/news/2019-04-15/why-the-housing-bust-is-likely-to-continue/11002296

 
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