housing market a 'time bomb', says investment

THE Australian and British housing markets are the last two bubbles left in the wake of the financial crisis, and it is only a matter of time before they crash, warns legendary US investor and co-founder of global investment management firm GMO, Jeremy Grantham

We know how the sun works, but we can't figure out how the Oz. housing market works i.e. some will dispute this article, others will say it's the ultimate truth, who has a crystal ball on the subject.

http://www.theaustralian.com.au/business/housing-market-a-time-bomb-says-investment-legend/story-e6frg8zx-1225880119320