housing prices head down, page-76

"It's risen a lot quicker than any other metric"

Point noted, but who is to say that the starting base was correct?

Woolworths shares have risen quicker over time than most other shares, but that doesn't mean they are going down.

Maybe these are just structurally superior quality assets that were fundamentally underpriced twenty years ago.

I'm not claiming to know for sure, but for those who insist that it is not so, then it becomes incumbent on them to make the case.

Put another way:

Those - like me - who do not make any point about absolute levels of fair value for property, have no case that needs making. (Our case is that we don't know)

But those who make definitive assertions one way or the other about the absolute levels of property values have it incumbent on them the make that definitive case.

Or else what is the point of saying "property is over-, under-, or accurately valued, as the case may be, in the first place"?

And my contention is that the silence in that regard is palpable.