Aurelis1, it s not that keen has gotten under anyones skin but rather hold himself and has been held as some one to emulate as an expert in making money. wosre is he does take his own advice. bought 2 years at the top of the boom, busts up with his girlfriend and has to sell and then starts preaching the property market is 40% over done to justify why he sold.
A few have tried to provide commentary on the stats Keen uses to support his hypothesis such as the averages are not applicable due to increased size and quality of houses, low interests make affordability easier reducing selling pressure. And people do not just buy for the returns, they buy for emotional and security issues.
And as to Aurelis1, you are going to buying in 9 months, so you must think that housing is a good investment in the run. all we aquibbling about is price.
