I disagree, there are economic definitions for terms such as a correction and a crash. If you were interested in my opinion you might have offered what level you believe they are as a point of discussion. Our viewpoints might differ, but at the heart of any exchange there should still be respect.
Regarding a good discussion, I've read the article and copied, pasted and bolded parts I thought were good. Now contrast that with your attention-grabbing, emotive headline. My first post "Oh NO!" is poking fun at the emotive response the click-bait is trying to achieve.
We've engaged in many circular discussions about property in the past and frankly, I just don't think there's much point any more.
To restate my point, I believe many people "see it coming" in that I don't believe that the NSW and VIC real estate values can continue climbing at the aggressive rates they have over the past 10 years however, I don't think there necessarily needs to be a massive retrace or fall.
In any event , the prices of real estate over there doesn't particularly concern me as I'm not looking to rent or buy in either of those areas in the foreseeable future.
