The thinking of people is just wierd I tell you…sometimes the stupidity of some people just boggles my mind. Why is it perfectly sensible in their minds for prices to have appreciated 300% in the last 5 years but when you talk about a decline of 50% they label it as “impossible”.
It is only common sense that if the appreciation has been totally unprecedented then it is fully possible and in my mind LIKELY that the downturn will also be equally unprecedented and shocking.