The main point, Mr Pittman is trying to use is that retirement assets (real estate ) are overvalued compared to yields, and that buyers are pushing prices too high .
Bottom line this guy is real estate agent that needs property prices to be high to make higer returns.
But the fake Mr Pittman is telling the opposite , you would think he was a advocate for economics professor Steve Keen . At least Steve Keen is a decent person and backed up his theory of overvalution by selling his personal apartment 10 years ago saying he will buy it back at half the price .
For a lot of reasons property prices are continuing to hold well in the face of adversity ,particulary quality sites. just to name some reasons .
1) Property is the Best Hedge against against government money printing, 2) If you have cash or want to invest for long term , more so than ever before property is the only thing left standing , as we are whitnessing here the stock market is Pure corruption.
3) This Country has a future, people want to live here ,work here , invest here , For this reason alone our economy will be strong. When there is movement on the station (economic activity) thus upward pressure on property values .
4) proven track record .
FKP Price at posting:
$1.33 Sentiment: LT Buy Disclosure: Held
