Well what a surprise (not), more childish carping, sniping put downs of people whose views don't align with the bombastic, supremely arrogant and self-anoited expert on all things to do with property in this thread. Instead of reasoned argument and discussion we get pejorative excrement and personal insults from someone who routinely vomits up unobjective, largely unsupported opinion himself and whose every utterance wreaks of confirmation bias.
Keen (author and professor of economics and finance) is an idiot, ignore him proclaims the self-anoited expert. Why, well because he made a prediction that has not come to pass - yet. Never mind the enormous body of statistical research he has done and the weight of evidence he uses to support his arguments. Therefore, in the mind of one intellectually bankrupt poster on an ego trip in this forum, Keen's analysis as a whole should be discounted and ignored.
Not just Keen, though a frequent target, but anyone who dares venture a contrarian view, no matter who they are or how distinguished they may be, is lampooned, derided and brushed aside with dismissive rhetoric and scant retort. I leave it to others here to decide whose views should carry more weight, someone like Keen or the ramblings of one poster infatuated with his own opinions.
RAAAAAAAAAAAAAAAARRRRRRR ! You do bit hard when backed into a corner don't you !!
I have given reasoned arguments with stats and pie charts and 5 year spreadsheets all to no avail over a 2 year period. I have repeatedly explained this is not the FIRST TIME that this has happened in Australia. 3rd time I have experienced by the way.
I have PROVEN with ABS stats that it is not that bad as to what you are making out. I have proven that PROPERTY HAS FALLEN 1.7% in 12 months on average in the major capital cities.
Keen shot himself in the dick before he begain BTW. 40% drop he predicted. DID NOT HAPPEN !!!!!!!! It went UP 20% !!!!!!!!!!!!! IT STILL NOT HAS HAPPENED !!!!! (the drop that is) and is unlikely to happen for reasons I have posted in here for VERY VERY LONG TIME !!!! One swallow don't make a summer. You keep crapping on about YET. When is YET/ 1 year? 3 years? 10 years????
FFS ....... I have not once asked anyone to do what I do in RE.
You called me a BULL ..... I showed you that I predicted 40% drops in CERTAIN areas. I pointed out CREDIT SQUEEZE from banks and you ignored me. I GAVE THREE areas that I reckoned could make 20% over the next 3 years. (averaged 17% so not too bad) I gave areas that will suffer mortgage stress due to being conned into RE. I showed you how to make a negative into a positive in this situation and you still want to ignore the real world.
IF YOU DON'T KNOW WHAT YOU ARE DOING IN RE DONT FRIGGIN DO IT.
You can have your contrarian view all you like. I do not have to accept it as a matter of course. I know what I know BECAUSE I AM DOING IT !!!!!!! Are you? Leaving it to others to decide who is right and who is wrong !!!!!! PMSL ....... are you serious???
Now that I have evidenced my position you have taken to the personal attack about my ego and that I am dismissive of other posters on this thread. Big mistake and far from it. I believe all posts on this thread are valid and should be read in the manner that they are written, Medicowallet owns property and has a very good grasp on what is going on. There have been other property people on here that have left due to the monkey poo flinging posts like the one I am responding to.
Tech/a sees this as an opportune time to invest. KWJmac is similar. Kincella is another. Just because you want to win an argument on the internet by squealing like a stuck pig does not make it right.
Go and read something other than Keens diatribe and get a real aspect as to what is going on. I wish you the sincere best in your endeavours.
Medicowallet and myself have a HEALTHY understanding of each other.
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