we are just reverting to the mean !, page-20

NTTG,

I have also posted (several times) the vacancy rates in England and USA.

In England the figure was about 5% of properties vacant and seeking occupancy.

In the USA it was a staggering 9-12% depending on which city you looked at.

Both of these countries had experiences a development binge which left them woefully over-supplied with houses.

Australia is in the opposite position with very low vacancy rates and insufficient new supply being built.

I may as well just copy and paste my posts every few weeks as it seems the same rubbish is brought up time and again.

If there was a sincere desire to understand then I think things would be different. What we actually have here on Hotcopper is lots of individual soap boxes, not much seeking of truth I am afraid.

Time will show who was right and wrong and then there will be a whole new raft of predictions.