Housing Crash 2019??, page-7

When we had the realestate price implosion in the early nineties property dropped up to 40% I remember some regional banks went broke, but back then the prices were not pumped up by money funneled out of China to be stashed into an asset, was not pumped up be rampant speculation and not pumped up by dodgy loans to the amount that it is today, years of stagnant wage growth putting people way behind the eight ball taking inflation and property going into reverse direction. Left field...an escalation of Trumps trade war will smash Australian jobs. This is the real perfect storm, and to cap it off for complete fiscal asset price destruction a more than likely fiscally irresponsible federal labor government.