TCIboss, there is really not much point question the merit, intention, agenda, vested interest, desire, fear, motivation or outlook of various people about the subject of the housing crash.
Whether I am spruiking it down or you are spruiking it up is of no consequence.
If the level of debt growth (Aussie private debt the horrors of the world) of the past years, then house prices MUST fall. Where the hell is the money coming from ??
If credit growth plummets (as we see now), a crash is inevitable as sure as night follows days.
If there is a credit contraction (which seems imminent), you get a once in a century house PRICE meltdown with no end in sight.
Just remember this formula rather than how annoying Matty is.
