no recession, page-2

Historically house prices have indeed fallen during recessions and risen marginally in line with inflation during other years.

Since 1995 house prices have behaved as if they were on steroids.

Same happened in 1988/89 (before correcting 30% up until 1995 in Melbourne).

Same happened early 1970's before correcting.

Same happened in the 1920's, early 1890's etc etc. You get the drift.