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Lucky you. The "crunch" doesn't seem to be quite so bad in Australia, but I had my vacant land professionally valued a couple of months ago and its value has risen by about 5% in 3 years. That's a totally shitty ROI, lower than inflation even. If I sold it today I'd lose money (considering all of the loan interest that's been paid), but at least there would still be enough from the sale proceeds to cover everything that's owed to the bank, with maybe a few $K left over as cash...
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