ok when is it going to happen, page-33

"drdan everyone who invests realize the risk involved that things do not always go up"

i would strongly disagree. the smart ones know that is the case but if you'd read the news.com.au, dailytelegraph, somersoft and various other aust housing websites over the past few years you'd realise just how big the bubble had gotten with people saying housing only goes up, they were buying their 3rd or 4th ip. pretty obvious these people were new to property investment and had been sucked in from the tv shows, media, re agents, lobby groups, friends, family, bank offering credit. reminded me of the tech boom reading some of it. clearly people knew little but jumped on the bandwagon because everyone was doing it

people loaded up on as much as housing as possible because....

housing never falls

housing doubles every 7 years

exactly like what happened in ireland, new zealand, canada, america, uk, spain, dubai, singapore, shanghai