You need to drop you're negative bias and look at the information in the discussion objectively .
If you read my reply to The Ace , you will see my view on what could happen to the Australian property market .
It's possible that the market could crash if the conditions were right .
It's possible that prices could fall 5, 10 or 20 % if the conditions were right .
I mention the things that might contribute to this situation .
Because of your blind bias I'll repeat them.
Over supply . Irresponsible lending . High unemployment . Cheap money .
Currently , we only have one of those elements . Until that changes , I don't think we have to worry too much .
So , while we can learn a lot from historical data , you need to make sure that that you are comparing apples with apples when doing so .
No massive number of subprime loans here ( the US ) . No massive oversupply of property here ( Ireland ) .
" And your just going to yell and scream and abuse anyone who wont share that fantasy."
Yet another one of your made up statements . It's becoming quite a long list , isn't it? You won't find any evidence of me yelling and screaming on hc . Actually , you're the one using multiple exclamation marks in this very thread . What you will find however , is me taking people to account for untrue and unsubstantiated statements . I simply can't stand bs.
" Believing american house prices just failed because they were too expensive is not a option for you. "
Do yourself a favour and look up the definition of subprime .
It certainly wasn't the house prices that caused it .
