no its your words, you said it again "it will most likely repeat"
this bubble from 2000 - 2007 is a once off in Australian history why is it most likely to happen again?
people only max themselves out in a mortgage now as they are forced to, prior to this decade it was by no means the norm.
i think you focus your whole understanding of the property market from everything thats transpired last decade. and it is by no means the norm, not even close!
