I don't think it was unreasonable for people to have the opinion of a property bust in 2005. Personally I didn't see it that early. But we all know the extraordinary money that the government pumped into the market to delay the inevitable.
"Since the majority of the uber bears have been spruiking this at infinitum for years and years"
It's also like the snake oil property moguls spruiking never ending growth and telling people to risk everything!!!
At least with the bears, we were telling people to be prepared and put money in the bank so they could put food on the table.
