"A property bubble doesn't collapse like the controlled demolition of a building. There?s always plenty of collateral damage, so to speak, which makes you wonder how these people think that housing will come so easily within reach when the economy is consequently in the toilet. "
Short term pain for long term gain. What would this author have us do?? The same as govt. and everyone else that are intent on doing it seems, and that's take every measure and keep throwing money at housing so it doesn't go down......great long-term economic planning.
It will be more painful and more prolonged if we keep artificially propping up this sector and continually misallocating resources to it.
