connect two points from peak to today - downtrend
connect two points from 1999 to today - uptrend
The point author is making is from the peak it comes off
as usual people like to connect their own points ..
The brutal reality is long term it is unsustainable and prices have to come off the boil
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- Credit deflation forewarns of housing deflation
Credit deflation forewarns of housing deflation, page-6
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