Now Kincella - don't know if you remember not long ago I was having a full on with some of our expert ratio nosepickers - I said rates would go down and based on their superior prognosis they said they were on the way up. No concession - typical economist style - talk things down and run for cover and no accountability. Same with Gottliebsen - no one holds them to account. I reckon they write the astrology pages as well and if right just once they trumpet their success.
You raised the topic of rates going down to 2% and I was praised for not patting you on the back - even that scenario is not without some credence in this climate. Like I said expect the unexpected. Property is the darling of the pollies in this country and they will do what it takes to keep them within a certain price level if we are to weather this storm. Almost a price guarantee of sots is it not?
Your 2% drop by the end of the year is possible only if you have been a good boy - not mixing with drdan, Pennyratios and other noncluers - ho ho ho ho ho!