it is 12 years since the hc bears declared that house prices...

it is 12 years since the hc bears declared that house prices simply had to crash
and the 5th anniversary of the GFC...
wow
and apparently they still cling to any whimper that appeals to their ideas
many obviously do not understand how the median price works, or ignore the market that produces those results
more lower to middle homes changing hands will produce a lower median, without any price drop....in fact in many cases it will result in huge profits, and price rises

it is only when the larger pricier, homes change hands,
that a real median can be compared on a like for like basis

but never mind, by the time the bears wake up, the market will have left them behind, again as usual

price drops have occurred in the multi million dollar price range, but that is not the market for the bears

the up graders have had double bonuses, they achieved great profits on the old home, whilst picking up discounts on the more expensive upgrade.....
many will be forced to settle for a tiny unit, rather than the big house on the 1/4 acre block