I don't think I can ever recall a year when so much negative hype was centred on property.
So for those of us that are willing lets play a little game shall we?
State your call on property prices and interest rates from July 2009-July 2012. When making your forecast please nominate which measure you are using: RPData or ABS.
Whats up now Bears, feeling a little nervous?
Stop hiding behind charts and graphs and put your money where your mouth is for once in your lives.
And if you think this is childish, I'll tell you what childish is, hiding among text books and the Internet, too scared to face reality.
But nows your chance to change all that isn't it?
In a couple of days time we can collate everyones calls and in 3 years we'll see who was on the money and who wasn't.
If you want to sit on the fence "because no one really knows whats going to happen" then thats fine." I get the feeling all the Bears ever do is sit on the fence anyway.
Booz's Calls (RPData) July 2009-July 2012 National Price Index increase 15% Interest Rates: Cash Rate to increase 1%
Steve Keen July 2009-July 2019 National Price Index decrease 40% (Keen's forecast for 2009-2012 can be amended later)
