http://www.businessspectator.com.au/article/2013/11/12/property/i-will-be-wrong-house-prices?utm_source=exact&utm_medium=email&utm_content=505832&utm_campaign=kgb&modapt=
They did duly fall by 10 per cent over the next two years -- which was well on the way to meeting my expectations of a 20 per cent drop over five to seven years. But now they are rising again in a renewed bubble, and I expect they’ll soon exceed the previous peak.
I also expect that this new bubble will ensure that, when the hot air finally leaves the Australian Housing Balloon, its deflation will be too slow to result in a 40 per cent fall below the June 2010 level by June 2025—which is the Statute of Limitations on my original call. So I expect to lose the bet, on my own terms.
- Forums
- Property
- s keen - i was wrong
s keen - i was wrong
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online