end of the line for the speculative mania, page-8

Menta,

Property investors have decided that 17% real-return on their investment in Sydney since 2010 (which according to Keen suppose the be the top of the bubble prices) is OK.

Fact is - prices would have to fall 17% in real terms to get back where they were in 2010.

Now how is the 2008 predicted real fall of 40% looks today?

In one word "absurd".

No spin can change the reality. The market doesn't follow Keen's personal opinions.