Which Way for House Prices? | BTalk Australia

•  
  jerrya@...10/22/08 Report as spam
  1

  RE: Which Way for House Prices? | BTalk Australia

  What exactly did you expect the president of REIA to say? He HAS to sing from the hymn sheet! C'mon!
  
  For a balanced debate you should try finding a contrarian economist, with data, like Steve and without a vested interest in the result. Can't find one, can you? Is that possibly a sign?
  
  Let's dig a bit...
  
  First, have REIA and their members fund what looks like independent research like BIS.
  http://www.ljhooker.com.au/page/buy/respropertyindex
  
  Then release it to the press, who pick up on the story:
  http://business.smh.com.au/business/house-prices-tipped-to-defy-rate-rises-20080616-2r6g.html
  
  Strategy: hype and pray the music doesn't stop....
  
  But alas, the music has stopped:
  http://seekingalpha.com/article/100789-worldwide-housing-declines-u-s-halfway-down-the-list
  
  Let's hope Steve is wrong, though the pragmatist in me thinks he's probably right.

•  
  phildobbie10/26/08 Report as spam
  2

  RE: Which Way for House Prices? | BTalk Australia

  Thanks for that Jerry - I was trying to be
  balanced - we have Steve Keen on a few days
  before giving his view. Tnanks for the links
  though - I think anyone expecting price hikes
  is going to be disappointed.
  
  Anyone trying to follow the links from Jerry
  try:
  http://business.smh.com.au/business/house-
  prices-tipped-to-defy-rate-rises-20080616-
  2r6g.html
  and http://seekingalpha.com/article/100789-
  worldwide-housing-declines-u-s-halfway-down-
  the-list