Third month of year, nearly a 1/4 gone before you know it, the new year of Armageddon
but RP Data Monthly still showing 9% YOY gains for houses in the 5 major cities.
Just 4.5x inflation.
or 45% ROE with 20% down.
Wake me up when a property bear even gets the year right, let alone the amount it will drop.
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Aren't we supposed to be crashing?, page-46
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Peter Batten, MD
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