proffessor keen

I had to laugh at 60 minutes with Keen made me see him in a true light for the guy he really is. He come on saying he had be predicting this reccession for the past 2 years and houses prices would fall so he was selling his unit now.

Now wait a minute KEEN you have known this was happening for 2 years? Yes he did well why are you selling now not last year, when prop prices peaked. Sometimes I really think the extreme views get more press as they sell more papers and attract more viewers as property is an emotional subject as most have a finger in the pie. Its penny and others are entitled to have their views but what I fail to understand is why with some comments is why others would want others to lose their shorts. Is it the green eyed monster or have a few lost there shorts on stocks and can't stand others doing well. No property bull as they are called on this site with disdain has made outrageous clams on prices but really have talked about a long term strategy with property. This has really turned into a knocking fest with one side saying you losers will get burnt and others defending their position.

Will it drop by 40% if we go into a depression like the 30's it may well but then no matter what price properties are it won't matter because the most important thing for most will be is just getting food on the table for the family so for some be careful what wish for. But for me I will proberly look back in 10 years time and say why didn't I buy more as I still wish I did 10 years ago and 10 years before that, It all about a long term strategy