29th October 2010
OReally comments: "I don't think here's going to be a dip, it'll be a full on crash so I wish we could stop using such wishy-washy language. Tell it how it is.
Luckilly I think most people, government included, realise that everybodys housing costs need to come down and that lower house prices are a good thing for the economy. An over-borrowed minority will squeal about negative equity but that's their problem.
Here's the housing bubble collapse pattern:
1. Volume drops precipitously