@ASX__Trader If credit alone determined housing prices, Australia wouldโve already crashed a dozen times โ but structural undersupply, migration, and government intervention keep absorbing every downturn๐คท๐ฟโโ๏ธ
@ASX__Trader Japan property crash โ 1991 (not part of the cycle)
COVID housing boom โ 2020โ2022
Australia didnโt crash in 2008 like the US
Different countries have different cycles
So the global 18-year idea doesnโt consistently hold up.