Debt Deflation

[Peter K.]

>That's weird. If it's true it means there's a structural asymmetric bias to
>housing prices, since during a boom there's obviously no 20% ceiling to
>price increases, yet in a downturn there's a 20% floor to price drops.
>
>I wonder how many years of data this is based on.
>
>Seth

Correct me if I'm wrong, Japan had a real estate bubble
which popped and caused all sorts of problems. Everyone here is
talking about housing, not real estate, although real estate would
encompass housing, no? If the market continued to be in the doldrums
for a few years and many folks moved their money into real estate,
could that conceivably cause a bubble? If there is a 20% floor to
housing price drops, perhaps a real estate market downdraft would knock
it down further. What happened in Japan?

Peter