madamswer,
There is only one problem with the theory of 'perfect short' trade - the timing. See the IMF's 'Global Hosing Watch' report.
http://www.imf.org/external/research/housing/index.htm
Australia’s housing boom in five graphs
http://www.copyright link/p/national/australia_housing_boom_in_five_graphs_OEp5Bttj0dyWeE9zAEXxjM
Sorry about the editing, still learning to use the new HC site.
