Whew! I was really worried there for a second... with the housing bubble bursting in America, sending its gooey insides all over suburban America, I was starting to feel concerned for the top 1%.
What's going to happen to the executives of all these massive banks, the banks that have irresponsibly invested billions of dollars in fancily-named investments that were a facade for bad credit mortgages? If they don't get their yearly bonus, what'll happen to that new beachside bungalow in St. Tropez? What about the annual booze-cruise? What about $3 000/hr prostitutes
Lower north shore suburb Cammeray (2062) is located approximately 5 kilometres from the Sydney CBD and is within close proximity to neighbouring suburbs St. Leonards, Naremburn and Neutral Bay
The Subprime Mortgage crisis is big news for economists in the US... due to the overextension of financial institutions into bad loans, the slumping housing market has caused economic terror in the States.
Unfortunately, the Subprime mess is a tough nut to figure out... at its simplest, the housing boom of the past few years has ensured that new homeowners would be able to make a significant return on buying a new house. Since the house prices were guaranteed to go up, mortgage brokers were willing to give out loans to people who didn't qualify
Mosman (2088), a high-class residential suburb on Sydney's Lower North Shore approximately six kilometres north-east of the CBD, is rich in culture amidst beautiful bushland surrounds and stunning harbour views
The rental situation in Sydney is approaching dire levels... there are so many people looking for properties and so few available spaces. Wealthier renters get properties by offering a higher price, leaving young workers and students out in the cold.
Well, that's supply and demand, I guess. Luckily, I got my apartment due to good planning and a fierce driving skill, getting my application in first