It's a bit of reflection time today and some thoughts on the world's current financial situation (prices have gone nuts).
Refinancing clients to other banks
I used to work circa 2006 - 2008 part time for a company called CFSgroup (see business card). An internet search reveals a company in Dubai, which is not the same company.
I remember going out to Telarah a few times which is an older area of Maitland, and the homes were valued back then $250K - $300K. I am aware of inflation and how things go up in price.
Fast forward to today. Are Telarah's homes really worth double in just 10 years?
I currently work in the housing industry - have done so for the last 15 years - and recently land prices doubled in some areas, on average a block of land worth $250K just 12 months ago is now worth $420K.
I received this email today so I thought I'd document it, and perhaps look back in 10 years time to see what has happened.
I will link the website of the real estate agent and provide an iframe link below plus pdf copy of the email. Of course, I'd like to point out that this article is not a report card on Rivers, it is a report card on the current market to which Rivers has no influence on - just reacts to like we all do.
The reason for my article today is that in my opinion - which I am happy to be proved wrong - is that all homes are way over priced and unaffordable by those not yet in the market, which may create a generation of underprivileged people, who will be more reliant on community.
email (part only - read attachments) received today 5 march 2022.
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