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TheCountOfNowhere

Human Being Is Not Particularly Good At Learning From History

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Someone on twitter telling me 70% drops in London are not possible.

people will pile in at 30% down he says.

I posted this to him.

http://www.businessinsider.com/hong-kong-property-did-you-see-the-crash-coming-in-1997-2011-6?IR=T

"The terrible brilliant property crash of 1997 led to almost 70% drop of home prices in nominal terms for 6 consecutive years."

Always worth looking back to understand what can happen in the future.

I must admit to one edit....

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Someone on twitter telling me 70% drops in London are not possible.

people will pile in at 30% down he says.

I posted this to him.

http://www.businessinsider.com/hong-kong-property-did-you-see-the-crash-coming-in-1997-2011-6?IR=T

"The terrible brilliant property crash of 1997 led to almost 70% drop of home prices in nominal terms for 6 consecutive years."

Always worth looking back to understand what can happen in the future.

I must admit to one edit....

You do realise the article you posted is about Hong Kong?

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