I never sought agreement from you lot. Peak to trough within 2 years is about right given the severity and pervasiveness of the bubble.
The extreme ones build up over time (with the tail end fuelled with cheap easy credit plus government engineered price support) tend to implode swiftly trapping many who can't get out in time.
With household debt > GDP and the great herd caught in an interest rate trap (bit like the bliblical dead sea opening up and closing again) the grief will hang around for many years yet.
The problem is that the next trough (bottom) will be like a flat lake bed that seems to stretch out forever until it hits the bank again.
We shall touch base throughout this year to see who is deluded and who isn't.
Again, end of March will provide some clear guidance of how things will travel. What...can't wait that long ?
Any blind punter at the casino will have better odds winning that those still playing the property game now.
