Re: Is that the sound of a can being kicked down the road?
Someday that housing crash is going to happen...
Is this an echo?
I've been hearing exactly this prediction for the past 40 years, during which time there have been corrections, but nothing that could legitimately be described as a crash. The allusions to a "housing price bubble" are equally misplaced. True, houses are expensive. But it's only a bubble if the price is sustained largely by confidence, and that confidence liable to be destroyed by a sudden large reduction in demand or increase in supply.
* I should make it clear that I'm writing about the UK housing market.