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> People never see a property price crash coming. Isn't this a bit like any statement. 'People who get hit by a car never saw it coming'. Or 'people diagnosed

> People never see a property price crash coming. Isn't this a bit like any statement. 'People who get hit by a car never saw it coming'. Or 'people diagnosed with cancer weeks before they died, never saw it coming'. Well sure, ignoring the people who did saw it coming, which are events we then ignore. i.e. there may have been various formations of bubbles, people saw it coming, adjusted their investments, and the bubble diminished. Further, it's not like today, people don't realise there's a bubble in Vancouver. It's pretty much the opposite.

meric 11y ago
>> people don't realise there's a bubble in Vancouver. Property price crash != property bubble. Everyone knows there's a bubble in Vancouver. No one thinks the bubble is crashing next month or even this year. You've got people on this very thread thinking Vancouver's people are selling their souls and never getting it back. I think for a general statement, it's carries a lot more weight than the two examples you've given. It's a general description of sentiment during a bubble, not a precise description of each person's state of mind. As a statement, I think it's fine as it is.