we havn't had a proper property shakeout since 1989 most folks base the experience on the last 18 years and the reality is that the debt levels are extraordinary at all levels
folks really think that property doesnt go down John K Gailbraith said that peoples economic memories last about 17 years, thats why we cycle between boom and bust, people just forget that busts happen
most of the folks who aregue against a bust potential on HC are younger than 50
