crash what crash, page-59

Have not read every post so apologies if the following has already been stated

Several years ago when the GFC was occuring and there was talk of property prices in Australia crashing - Steve Keens comments come to mind here. Someone made the comment on one of the hotcopper threads that we will only get a decent drop in prices when we have higher interest rates combined with higher unemployment.

This I believe is spot on.

Personaly I believe they have dropped interest rates to low and this is definetly resulting in higher property prices- this is easily evident in several areas I keep an eye on for prices

Will we get a decent correction one day - yes I believe we will but not while interest rates are this low