re: ** derat cheaper housing on the way
zmemed do you understand my point that it is only the buyers and the sellers at the margin who determine housing prices, not the vast majority who remain in their homes?
as for derat's experience, that would be very common given the property market boom followed by the 16% interest rates and the Keating recession we had to have
of course there will always be those who say, "but this time's it's different, we won't make the same mistakes"
