Tuesday, March 17, 2009

Aussie optimism

Australia is not suffering to the same extent as the US or Europe in today's economy, but man, these guys' optimism is a little scary. I was just browsing through the neighborhood circular, and saw a story about a house being sold in Stanmore, a nice, up-and-coming inner west area:

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But get this: the selling price was AUD620,000 and the description of the two-bedroom house includes
the property has polished floors and period features, but needs a lot of work, particularly as its only toilet is outside.
An okay 2 bedroom in an okay neighborhood with no inside plumbing!!!! 620K!!!!!

(Not to mention the idea of no plumbing in Sydney 2009 is a little mind blowing, if you haven't spent time looking at real estate here.)

(cross posted at Yankee Sydneysider)

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