a bubble bursts, it doesn't steadily decrease- this is the world wide definition, not mine. we are experiencing a steady decrease, not a burst.
No, its not the definition of a bubble, Can you show me this definition, I've never seen it before. This is wiki's definition -
An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon) is "trade in high volumes at prices that are considerably at variance with intrinsic values". It could also be described as a trade in products or assets with inflated values.
What happens after to a bubble is irrelevant. You argument that prices will fall gradually - not crash - may or may nor be true, however a bubble describes the rise in prices
, not a fall.
Time will tell what happens to prices.
Commiserations on buying in 2010. I bought in 2009, at the peak of the market apparently.