“The Economic Collapse” website reports:
Those that decided to buy a house in 2005 or 2006 are really hurting right now. Just think about it. Could you imagine paying off a $400,000 mortgage on a home that is now only worth $250,000? Millions of Americans are now living through that kind of financial hell. Sadly, most analysts expect U.S. home prices to go down even further.
Read 20 wacky statistics about the U.S. real estate crisis.
Last December Tony Abbott told the Australian Financial Review: “There is still this left-of-centre ethos in the ABC and I hope that Mark Scott continues to address it.” Alas, the ABC’s institutional leftism is incurable.
There was a stark contrast in how ABC’s Lateline covered Margaret Thatcher’s death and the way it treated that of a prominent left wing hero, The Spectator Australia said this week.
There are important lessons to learn from the 2003 Iraq war experience, Tom Switzer says. But some Australian conservatives would prefer to ignore them.
Communications Minister Stephen Conroy’s proposals for media regulation are government licensing in all but name, the Institute of Public Affairs says.
“I just wish those letters weren’t so … similar,” Kerryn O’Brien lamented last night after declaring that an ALP candidate was contesting a seat for the ABC.
Labor’s decision to dismantle the Howard Government’s policies has put the country’s security at risk, Opposition Tony Abbott said in a Liberal e-newsletter today.
Giving Canberra more power over local government will weaken Australian democracy, the Institute of Public affairs says in a fact sheet on the Gillard Government’s proposed Local Government Referendum amendment.
Rather than confront the systemic failure that is built into its political DNA, Labor tries to cover it up with spin and the distortion of truth, Cory Bernardi writes.
Register with Australian Conservative and receive our FREE email Newsletter.
Click to Register
This is happening in Australia too, I bought a house 5 years ago and would be lucky to get my money back. The only reason that we dont have the same crisis here is complicit local, state, federal governemnts who make building in Australia a real hassle. Statistics show Australia is 120,000 houses short of accommodating everyone right now. How much would your house be worth? if our housing crisis wasnt so.