The hangover lasted a long time though.
At that time it was considered sensible to say, "I'm not ready to get weighed down by a mortgage. I don't need the mortgage stress."
My parents divorced in 1991 and the house had been on the market for months and months. A beautiful Wahroonga house situated in the bush sold for $189K - now worth about 10 times that.
The worst time to have a house on the market in Sydney that I've ever seen.
