5 .
A : From Sweden to the UK to Greece to even the US in the early part of the century, housing prices have fallen.
B : But wasn’t that just correlation?
C : Housing bubbles have been known to go bust in the past, and in different countries.
D : “The real estate market has never gone down in any meaningful way” – this statement was often quoted by real estate agents and brokers in the US, and it might have even been statistically valid, with over 50 years of data supporting it.
E : While the argument is moot today (US House Prices are still falling, after more than three years of a downward trend) it remains alive in pockets of the world.