g'day, I'm not suggesting I'm about to go out and do a reno frenzy, but I think the housing collapse calls might be overdone, seems to be a very slow deflation, I think surprisingly gentle under the circumstances.
The easy money flow has been ridiculous. The lenders need a smack behind the ear. As mentioned thats what contirbuted to it, and the fear of shares post 9/11.
The prices will go down, no doubt, as it has been ridiculous, but property has been very resilient considering.
