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I dont recall saying that. Perhaps you may have a comprehension issue? :confused:

"Once in a hundred years" is the great line that is trotted out every time every time there is an economic downturn. Great phrase but means very little once you have seen it a few times. I have been around for the chart circles below. Also for 1980 interest rates, 1982 recession, 1987 stock...

Now I am feeling old. There has been a couple of these "once in a hundred years" events in my lifetime in property and a few in the sharemarket. But I suppose thats an advantage having the perspective of a five hundred year old. :D Cheers Shane

Gee! I wonder what the house price/average wage multiple was then? I know the harvester decision in 1907 set the basic premise of a minimum wage at $1.40 /week http://en.wikipedia.org/wiki/Harvester_Judgment Did that make the housing expensive or cheap then? Cheers Shane