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The calimitous global downturn of 2008-2009 is all the evidence you need that a runaway housing market will eventually correct itself, Arthur.

Something similar happened in the early '90's, though was localised mainly on the SE, and was much shorter and shallower than the most recent adjustment.

[QUOTE="Grasshopper, post: 2518823, member: 65342"] The calimitous global downturn of 2008-2009 is all the evidence you need that a runaway housing market will eventually correct itself, Arthur. Something similar happened in the early '90's, though was localised mainly on the SE, and was much shorter and shallower than the most recent adjustment. [/QUOTE]

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