Puck may be Famous wrote:
The majority are finally exiting denial (after a three year stay) and entering fear.
However, a significant minority will never exit denial.
Still loads of denial out there...every day I hear people say things like "Yes, property has fallen recently BUT [insert wild-eyed theory here] means they'll be going back up by 2011, it's just a blip, hang in there for the long-term and I'll be quids in"
I honestly can't say we've left Denial until a clear majority finally accept that 2002-6 prices were abnormal
, a bubble
, something that will not be repeated
for decades if ever. And that just isn't the case, I feel.