For the second time in this thread, the context (in the article) of it heading toward the most expensive it's ever been is when measured relative to income, .
thanks, think we have all go that bit
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For the second time in this thread, the context (in the article) of it heading toward the most expensive it's ever been is when measured relative to income, .
Some may think Joye is trying to sensationalise ?
There are others who seem to think his assertions are a little Keenesque.Someone suggested to me that his change in tune happened when he left Business Spectator and Property Observer to join the Fairfax stable. Around that time he stopped publishing his own independent blog with its pro-property stance.
I don't know what to think, really.
.... I am clearly worried about the current run up in house prices and can see a period where house prices will falter as the RBA moves to a monetary policy tightening cycle, Chris' view of such large falls seems to be askew.
As a result, I am offering Chris a simple two-tiered offer based on his forecast.
.....
For Chris, those seem juicy odds at 10 to 1 on something he thinks could happen.
....
thanks, think we have all go that bit
There are others who seem to think his assertions are a little Keenesque.
Anyone who thinks we can see similar house price appreciation over the next 30 years as we've had over the last 30 is kidding themselves.
Which is far lower than the growth in prices we've seen over the last several decades.Since RBA is targetting 2-3% inflation, that is the goal I will be aiming at long term
Got Melbourne wrong & still surprised at the growth. Got Perth right.After 3 years of incorrectly predicting the real estate market, here we go again.
After 3 years of incorrectly predicting the real estate market, here we go again.
Care to post a chart of retail interest rates from 1990 to now instead? That might help explain a few things... perhaps it will help divert discussion away from less these relevant metrics?
Following me around with your lies again turk, feel free to link to 6 years back with that prediction.Actually hobos been predicting 15%-20% falls in the property market for close to 6 years.
Following me around with your lies again turk, feel free to link to 6 years back with that prediction.
However, remember that the RBA may feel the same way & pull the rate rise lever.
What apology?Look forward to your apology
What apology?
Are you going to apologise for continuing to regularly misrepresent what I say? http://somersoft.com/forums/showpost.php?p=1141970&postcount=128
I've said in the past I got that call wrong. It's not an open prediction that lasts until my death lol. Your wording implies I have consistently predicted that for 6 years which is not the case.
Also it was mid to late 2009, not 12 months prior as my post implies (AFAIK I misspoke in that post), but if you can find my prediction from 6 years ago (April 2008 or even anytime in 2008) then I'd welcome you to share it.
?
Anyone who thinks we can see similar house price appreciation over the next 30 years as we've had over the last 30 is kidding themselves.