Posted to The Age (15/10/2011) on 15/10/2011 at 11:35 AM
Commenting on “House values mostly flat or falling”
http://www.theage.com.au/victoria/house-values-mostly-flat-or-falling-20111014-1lpc9.html
A phrase in the lyrics of Sound of Silence says, "The words of the prophets are written on the subway walls". I am no prophet, but I have been writing on my blog walls, presenting very frank and critical analyses about the real estate market, and predicting the possible trend direction.
Last year, I wrote that the median house price would fall to $550,000 around June 2011 (off-target by about 3 months), stock market index would fall below 5000 points, etc. I wrote about real estate 12-year cycle and the continual decline until March/April 2013.
Back in early 2009, after the peak in December 2008, I was warning people that the some property prices could fall as much as 25% or more in the coming years. However, most people were in state of denial and not to take heed.
There is time to buy, and time to sell. It’s your blood, sweat and tears hard earned savings. Invest wisely and don’t be gungho in making that expensive decision!
Commenting on “House values mostly flat or falling”
http://www.theage.com.au/victoria/house-values-mostly-flat-or-falling-20111014-1lpc9.html
A phrase in the lyrics of Sound of Silence says, "The words of the prophets are written on the subway walls". I am no prophet, but I have been writing on my blog walls, presenting very frank and critical analyses about the real estate market, and predicting the possible trend direction.
Last year, I wrote that the median house price would fall to $550,000 around June 2011 (off-target by about 3 months), stock market index would fall below 5000 points, etc. I wrote about real estate 12-year cycle and the continual decline until March/April 2013.
Back in early 2009, after the peak in December 2008, I was warning people that the some property prices could fall as much as 25% or more in the coming years. However, most people were in state of denial and not to take heed.
There is time to buy, and time to sell. It’s your blood, sweat and tears hard earned savings. Invest wisely and don’t be gungho in making that expensive decision!
