Highrise Harry demands more debt

At the AFR comes Australia’s most enduring property rent-seeker:

“Of course they are too restrictive,” Mr Triguboff said. “I went through downturns in real estate many times. Thirty or 40 years ago I thought they would be turning away from their homes because prices went down. I asked people ‘Why don’t you sell your house?’

“Each thinks their apartment is different from the other owner’s. They are in love with it, so they’ll stick to their apartment. Within reason, they don’t walk away.”

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