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Thanks for the responses guys, some great food for thought. For those who already own property, especially outright, it probably isn't that much of a stretch to upgrade by a few hundred thousand, especially for baby booomers who have been working for a while. I'm very interested as to how we...

Some very good points on here, although I can't help but wonder when an actual correction wil take place. I've said here before that I suspect our correction will come in the form of several years worth of stagnation (and frankly I hope I'm right). Any ideas as to when that might start...