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With the exception of Detroit, most have rebounded nicely with many at all-time-highs. People like MTR, Handy Andy et al have tripled their money by betting against the doomsayers. They bought in the USA when everyone thought the world was going to end. Don't you wish you had done the same Hobo?

Lets compare apples with apples and not over-panic. Even in the deepest darkest days of the GFC, property in the UK and US did not fall anywhere near 50%