crash what crash, page-61

"we will only get a decent drop in prices when we have higher interest rates combined with higher unemployment."

The bears have always had one or another reason for a "decent drop" since GFC 2007-08.

There is always some story that will bring it all tumbling down, and the above is logical, but doubt with such high ownership, that again, people will just sit on the family home.

The other is that many don't even have a mortgage, and another huge chunk with minimum debt on house.

Its only a very small % that struggle in early years, and get caught with unexpected debt/ job losses.

I doubt even the above factors will cause a housing correction, as the RBA ill have only increased rates back to 7-8% under a booming domestic economy, and during that period, most people would have gained more equity.

If it didn't happen in 09-10, I hardly see those "logical" reason affecting the market any time soon.

The market overall is on another upswing

Fact.