> It seemed to me to be at least in part due to the bizarre contractual setup
> Of course we bought at the top of that cycle, and a year later or house was worth only 70% of what we paid for it.
Had the contractual setup changed over that period?
> Of course we bought at the top of that cycle, and a year later or house was worth only 70% of what we paid for it.
Had the contractual setup changed over that period?
When prices are rising, gazumping makes them rise faster, and when the market is tanking, gazundering makes them crash harder.
Just my theory based on observation.