Quote:
Originally Posted by casstony
High house prices result from easy money and are currently more indicative of the wealth of banks than the wealth of individuals.
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But even if so, the banks
are owned by individuals and indirectly by their investment, superannuation and annuity funds.
The average superannuation account makes most adult Australians have more wealth than most of the rest of the world.
Cheers,
Renato