us economist predicts oz housing to fall 60%, page-51

  1. 3,395 Posts.
    exactly, if Dent wasn't alarmist and predicted things to get a little worse before they got better how many books would he sell?

    Things are off their peak by say what, 10-20% so they might drop by something similar over coming year or 2 but 60% from here? So a 500k property will be worth about 200k in a couple of years, when it still costs 300k to build plus land value?

    Yeah right, not in our lifetime, sorry Harry D, you might sell a few books but you got those figures wrong.
 
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