"Feel free to find where I have called it a bubble" Scotty, just...

"Feel free to find where I have called it a bubble"

Scotty, just in Feb 2014...

"Objectively, I can't remember ever hearing or reading about is it or isn't it as much as I have lately - the RBA, the govt, the banks, property analysts, etc, talking every day about it.

The strong denials and the frequency of the question being asked is enough for me, nobody calls a bubble before she blows.

A property bubble collapse would be an unmitigated disaster, the banks would collapse along with property, consumer spending would collapse the retail, lending would tighten and we go into a deep recession. The US of A just made more bubbles to protect the other bubbles, we don't have that ability.

You could toss a coin on a property collapse happening, but just like the GFC, without China we'd be shot to pieces."

http://hotcopper.com.au/threads/not....2218901/page-2?post_id=12939806#.U74D0HB-_cs