In a recent survey of housing economists (see macro markets), about 50% expect housing prices to rise; the other 50% expects future declines… What do you think?
SMARTVESTORSREALTYThe fact that it's a 50-50 split just goes to show we should do our own research and get educated to make the best decisions ourselves!
This is best evidenced by Morgan Stanley's US economist stating Australia was a "Ponzi" property market. There's nothing stopping anyone making a comment and if they're wrong, they'll simply never reference it, whereas if they're right, they'll say they "told you so".
So in the future we'll see 50% of the economists saying they were right, whereas the other 50% will probably start making comments about something else (perhaps shares this time?)…
How long is a piece of string ? Some will go up and some will go down. Some will do neither. Some will do both,go down then go up 6 months later.
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