"but its irrational to believe that population growth will drive prices higher"
yes it is irrational to think that will do it alone,
it's only one positive factor going in our favour.
and population growth rates have nearly doubled last 5-6 years from around 1% pa. (contrary to some uninformed opinion on these threads)
interest rates have peaked (still low - but highest base WW) unemployment still at historic lows (5.3%) population to grow at fastest rate of any G20 till 2050
I for one am glad to have a breather from 17 straight months of nearly 1% increases.
Keen style drops still anyone? he's already walked for a reason.
I've picked minus 5% end 2011
so I'm not one of the extreme doomers trying to scratch up any and every possible hint of collapse in the media here and comparing the US and Japan, and neither am I a bull for the next 2-3yrs.
I am very happy with my forecasts, I get my facts right from research and am thoroughly read and uptodate on the situation as affects me and my family.
GL to those looking for an entry, but sadly, much mis-information and assumptions on these threads leads me to believe 40% drops are pure hopes and dreams.
I hope you don't miss the next dip as in late 08/ early 09.
for those still beliving in 40% drops
here is what that would mean
current RP Data Rismark city index median $465,000 at 40% drop $279,000 median in our 6 largest cities.
$279,000 with the largest news houses in the world get real
