I want to say that in argentina, housing prices doubled in a few years up to 2009. Argentina housing was not hit by the Great Recession because we had no debt a

I want to say that in argentina, housing prices doubled in a few years up to 2009. Argentina housing was not hit by the Great Recession because we had no debt associated with housing. Housing prices didnt drop at all, and they were still very high by people's income. I predicted that prices would drop, the same way people predict now that housing prices will drop. 8 years in, and prices grew organically from that point. It is exceedingly difficult to lower housing prices without a direct hit.