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House Price Crash Forum

Bank Rate Should Be Cut By 1.25%- Former M P C Member


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HOLA441
Agreed - and as with the UK, because of the other converging factors around the timing - credit crunch, inflation, recession etc the crash will happen far quicker thant it has in the US. "Kerrrr----plunge" springs to mind.

UK crash at full tilt by mid summer 2008, Aussie crash commences at this point and full tilt summer (their winter) 2009. By then the recession in the US and Europe will have smashed China, who, post Beijing will start to allow a letting out of steam in general. They will be fine to allow a few fallow years - the Communist Party is clearly worried about growth creating political instability and their slow-down will hit commodities and therfore Australia mighty hard for a while.

Gold Rush Australia 1870s - followed by the massive crash - it is all cyclical.

I believe you are correct.

That it will happen is not in doubt but the timing is always difficult.

Would you care to put a figure on the decline? I'm going for 40%...

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