(from one of the threads):
Yes, the "no crash yet = no crash ever" argument is obviously ridiculous, but it doesn't follow that the opposite is true
i.e. that we will definitely have a crash. We may, we may not.
= =
Actually, I believe the emergence of NYC-m-NCE psychology has made a sharp slide more likely.
People have closed their eyes to the risk, and bought more property andtaken on more debt than they would have
otherwise. The bubble was prolonged, and the vulnerabilities are much worse
@:
http://www.housepricecrash.co.uk/forum/ind...34216&st=15