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Property booms no longer make us spend up big

During the last great property boom, which ran from 1996 until 2004, we splurged like there was no tomorrow. For much of that period household spending rose faster than incomes and our debts zoomed higher.

During the last great property boom, which ran from 1996 until 2004, we splurged like there was no tomorrow. For much of that period household spending rose faster than incomes and our debts zoomed higher.…

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