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A comment on Australia's Housing Frenzy. Parent comment
Many types of loans are secured by assets, so when those bubbles pop, the loans get called, which depresses asset prices further and further.
Bubble implies it has to pop, inflation is just raise in prices overall.
To this moment its unclear if we have a bubble or not.
Many types of loans are secured by assets, so when those bubbles pop, the loans get called, which depresses asset prices further and further.