"The writting is on the wall-even with all the media articles discussing bubbles popping people are still out buying property-73% clearance rate in Melbourne this weekend and prices are still going up and up."
The list of embarrassments on the demise of Australian property over last 7 years by experts, many "overseas" experts. We should start a list. Most have capitulated. Only the extreme loonies pop their heads up now...DENT etc.
1. Steve Keen (Hall of shame leader)
2. Kris Sayce (and Money Morning - capitulated in early 2013)
3. Edward Chancellor
4. Jeremy Grantham (famously wouldn't take bet with Chris Joye)
5. Bill Gross
6. The Economist - Jeremy Lawson 2014
7. The Economist - 2011 (overvalued by 56%) - LOL
8. Harry Dent
9. Unconventional Economist
10. Demographia
and the literally dozens of HC property bears that have thinned to less than 5% of original numbers once dominating these threads.
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Margaret Lomas - no credibility?, page-34
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