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You misread my post, KP. I'm a 2nd generation RE person - now...

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MasterStrategist

10,880 Posts.

1949

09/08/21

15:08

Post #: 55144060
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Originally posted by kingpins: ↑

If you have not seen a property bubble burst it's only because you are too young or you were not involved

To go down 70% will not be anything new it has happened before

But remember the scarce, quality properties may at the same time go down 5%
IMHO the only way the whole market can burst and go down a huge amount will be accompanied by a total failure of the government --- IE Canberra will be empty

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You misread my post, KP. I'm a 2nd generation RE person - now retired, and I've seen it all. My initial comment was: "that all bubbles burst." I was merely arguing Forges interpretation of a bubble.
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