i have had a few talks with economists here in London they do a lot of big round table economic meetings about Australia for obvious reasons for their banks - their main black swan event or risk on issue with housing here is that China might one day wake up and say that's it no money is allowed out of China from today for buying foreign property investment (they have somewhat done it with certain sectors allowed to invest in since)
It was interesting to see a strange mini version of that with Bitcoin last week (though different its a weaker version of the same idea) being China is the only country in the world that can make a new law in a day without needing Parliament etc
Its unlikely to happen but it is still a possibility in the extreme form
