"no its your words, you said it again "it will most likely repeat""
There will always be another boom after a down turn just not straight away (which I thought you were implying).
"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."
lol how naive - people will continue to max themselves out as they will always want more. What happened in the past is irrelevant in this regard as we now have generations that want the best and they want it now - it is the modern attitude!
"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!"
Now that is a gross assumption. You assume just because it was a particular way in the past that we have to revert to that which is a HUGE assumption - things change not always for the best but the smart ones adapt!
