Would someone kindly provide us with the definition of a property crash please ? The term is used so commonly on hc lately but unfortunately I don't know exactly what it means .
It would be great if we had a definition because then there would be no need to continue this ridiculous argy bargy .
Should be pretty simple .
E.g. Median average price down X% over X period . Based on X number of sales.
A recession has a technical description , surely we can up come up with one for a crash ?
It would be really nice if it also had an area definition i.e. Melb/Syd/Bris/Adel/Perth or Vic/NSW/Qld/SA/WA etc. Not just some tiny little one industry town that no one has heard of .
While we're at it how about the predictors to give us a period as to when this crash may happen . After all , a broken clock is right twice a day .
crash what crash, page-95
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