you are right about the 'state of things' (900 in mascot?hm...)
now...think about what has happened to facilitate this...
why would a lousy house be 3-4 times more expensive now then 15 years ago?
your wage didn't go up 3-4 times ?
nothing else went up 3-4 times...
mascot didn't become better from any angle...
only reason housing did go up that much was willingness of banks to throw their money around
when looked from that angle, is it impossible that reversal will occur?
banks will stop, sooner or later and when buggers can't mantain or can't sell their inheritance for 9 they'll sell for 8...and then for 7...and then...
it will STILL be a huge profit compared to 96 BUT it will be a huge discount from where they are today !
(a cool 'hunge' or two or 4...if you're not in a rush...why not?)
