the great australian housing bubble, page-39

The point is Makbye anything can happen, but what is the likelihood of it happening? For every action there is a reaction so if the market starts slowing down for reason x and if it slows down too much then it will start to be stimulated by the likes of lower interest rates etc. The uber bears here say with certainty that we have to have a 40%+ drop but cannot even put any details on what the trigger will be other than vague assertions. Plus when/if it does happen there will be reactions to counter balance it. There will be a drop at some point I have no doubt on that but most of the uber bear predictions are just rediculous as they assume no reaction and that our lending was as loose as the US.