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So if it was bad and nothing happened and is now worse (and nothing has happened), what's special about 2010? Because we're entering a recesssion. What makes you think low rates plus recession = housing boom, or do you think we'll skip the recession. If we skip the recession, why low rates...

But they don't need to start. Interestingly, pre-GFC we had: - Underlying demand increasing due to lack of prior construction. - Interest rates no worse than average. - Easy credit conditions. - House prices rising. - Government incentives. - No GFC. - Massive confidence based on...

Given the enthusiastic advice given to many newbies, perhaps they should be.

Apology accepted. ;) Well, I may have misinterpreted: Were you suggesting a boom in construction but not in resi pricing? If so, I stand corrected. However, given the prevailing view of underbuilding in Australia (which I don't subscribe to) has not been addressed at...

I tend not to make things up, though you've made the suggestion before, so thanks.c:mad: In any case, was this "irony" then (my bolding)? So, given "strong growth" by your definiton is 10-15%.... ...what elements underpinning the position you appear to have come to in January 2008 do...

Technically your comment was sarcastic rather than ironic, but point taken, I should have noticed the smiley! In my own defence, sans smileys the sarcastic comments are indistinguishable in content and style from the straight-laced versions of yore.;) In any case, to serious matters; in...

I thought the high-end pulled rather than the bottom-end pushed? In early '08 you were using the standard arguments to support a "strong growth" in 2008 & 2009 story. Are you expecting the 10% this year or later?