once again you are very selective on your recall of history
The 1987 crash occurred after a share market boom that was fueled by unsustainable corporate debt levels and poor corporate lending practices
Property did not boom at the same time but instead boomed afterwards as funds flowed from on market to the other
Since 2001 (on slightly different timing) we have been experiencing BOTH a property and share market boom. A very large trigger that has bought the share market boom to an end is the flow on effect of unsustainable lending practices and debt levels in the property market.
But some how you think the property market is now going to be the beneficiary of a bear market in the stock market even though the circumstance of the late 80's compared to now are completely different.
But while on the subject of the late 80's property boom where property prices doubled, what happen afterwards??????
Property stagnated for 10 years which is the period it took to return to the historical growth trend line.
Considering this time around property has already experienced a boom at the same time the share market has, a boom that has seen properties increase 4-5 times in value
How on any intelligent comparison to history can property now boom again, after considering property has already boomed and it is the poor lending practices that fueled the property boom that has to a large degree caused both the share market and property market to turn
