"What about the housing hysterics? Since the GFC, I and a few others waged battles with the bears who dominated airwaves with predictions of cataclysmic price declines. It’s bizarre because I was often described as bullish even though I forecast modest price falls in 2008 and 2011, and consistently argued that capital gains would be constrained by incomes. The bullish label arguably reveals much more about the person projecting it."
