Apart from the 100 years ago there was one in the early 90s when Mr Keating made his famous 3rd world country speech and people were paying up to 21% interest on loans and prices plummeted, banks could not foreclose because they could nor get rid of the houses if they repossessed them.
What about the depression in the 30s?
As to the definition of a boom and a bubble, to me it is a boom if it continues unabated but a bubble if someone sticks a pin in it, which is what Keating did.
I know there are a lot of people who post who are not old enough to actually know what happened in the past and rely on government figures and also those who just want to have their 60 seconds of fame, and also some people who have never owned an investment property anyway, probably never owned anything so a lot of the posts do not have any factuality to them
