By refusing to admit that house prices as "too high", he is trying to talk down the propsect of price falls. Yet, he can't even convince himself with these comments stating the blatantly obvious: LOL !
"It is a very dangerous idea to think that dwelling prices cannot fall," RBA governor Glenn Stevens said in a speech today. "They can, and they have."
"We should never say a crash couldn't happen here, and the Reserve Bank continues to monitor property markets and the performance of mortgages quite closely," said Mr Stevens.
Read more: http://www.brisbanetimes.com.au/business/house-prices-cant-fall-a-dangerous-idea-rba-20120724-22m9v.html#ixzz21mjQFQMm
rba chief says prices not too high, page-2
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