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There is always risk with assets etc, but I guess the difference now is that there is a mindset out there that you have to get onto the property market now, otherwise it will never happen.
So over the last couple of years, there will be a lot of (skewed to the younger side) people that a stretching themselves just to get onto the market.
Crashes in the past would not have involved that to the same extent.
(No sources, opinion only)
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