I found this article on Zero Hedge today, saying that the Australian housing bubble is the longest bull market EVER. This bull market has been going on for a unbelievable 55 years. There is a report out from UBS stating that the bubble in Australian housing is over. With house prices more than doubling since the start of the millennium it seems there is little hope for further price increases.
When this biggest bubble in the world blows it's going to be a nightmare and has the potential to blow up the whole global economy in my opinion. If you are interested in further reading here is the link to Zero Hedge.
http://www.zerohedge.com/news/2017-11-01/worlds-longest-bull-market-55-years-australian-house-prices-over-according-ubs
I hope you like my post and thanks for the visit
The disaster grows by the day!!
What goes up must come down.
Ain't that the truth, and when it come down it will be hard my friend, cheers.
This post has received a 19.23 % upvote from @booster thanks to: @silverbug.