Seriously laughable comparisons.
I have posted facts and figures after figures on the Japanese property/ asset bubble on here before on multiple threads.
Only those that continue this charade and ignorance deserve to be left behind...and there have been some serious regrets admitted on here last couple of years.
Even Kris Sayce finally gave in, and has been right for once, and he was an absolute loony and HC poster boy on a property crash after the GFC.
"Japan 1988
I will repeat it again as there is a lot of nonsense about the Japanese bubble being similar to Oz.
Stocks gained 224% in the three years leading up to 1988
Commercial land jumped 122% in Tokyo in a single year
Residential Land gained 45% in Tokyo and 35% in Osaka in final year.
Can you please tell me how this relates to our current assets prices, Commercial, Residential and Stocks?
Most people yapping on about Japan have absolutely no idea the extent of their asset inflation in the 80s."
http://hotcopper.com.au/threads/rea....2219068/page-7?post_id=13179421#.VM3LiJ2UeSo
more peak nonsense here...
http://hotcopper.com.au/threads/end...2251644/page-30?post_id=13266713#.VM3L4J2UeSo
same old, same old, year in, year out.
