some of you guys have obviously never seen a recession.
Costs have nothing to do with it.
If someone had of told you Centro shares would drop from $10 to .03c you would have thought they were mad.
If someone had of told you Macquarie Bank shares would drop from $100 to $15 you would have said the same thing.
If someone had of told you that Kevin Rudd's popularity would drop from 70% to 36% in 6 months you would have thought they were mad.
The list is endless.
House prices will be no different.
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