Yep, lets think about this. A fabricated email is sent around and used as a foundation affidavit by the ne'er do well crowd about how white hot this market is and when will it all end.
Why oh why would they do this?
What would have happened, one wonders, if that little anecdote had been posted not by David Llewellyn-Smith but by Peter Fraser instead? Would David, suspecting an agenda, have pressed the 'Delete' key?
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
Its not my cycle, and it still there nothing has changed, not sure what you are on about.
7 years gradual up, with a short mid cycle correction, 7 years massively up, 4 years down.
The new cycle started in approximately 2011.
Laughing all the way to the bank.
Cool theory bro.
You should get it published.
You might need to explain it in greater detail than the four sentences or so you are currently limiting yourself to though.
Might win a Nobel Prize.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
You might need to explain it in greater detail than the four sentences or so you are currently limiting yourself to though.
Might win a Nobel Prize.
As I keep saying its not my theory that would be plagiarism.
As for the explanation as I said the last time you winged about the theory, I posted two in depth articles on it. I don't think that you would get it though. Best that I keep updated you of its gradual progress all the way up, that's if you stick around long enough.
As I keep saying its not my theory that would be plagiarism.
As for the explanation as I said the last time you winged about the theory, I posted two in depth articles on it. I don't think that you would get it though. Best that I keep updated you of its gradual progress all the way up, that's if you stick around long enough.
In depth articles by unqualified quack economists talking total nonsense.
I can do that too; the internet is full of such rubbish.
Stick to your delusion though, the rest of us will concern ourselves with things like GDP growth, income growth, demographics etc.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
What I can see happening now is we had our correction and we are now in the early stages of the next phase of the land price cycle. Prices will increase due to buyers bidding up prices, this will only get stronger and will be fuelled by increased credit from money issuers chasing customers with their wares.
I understand the banks will be funding the fiasco, but with declining wage growth there will be challenges ahead.
Yields in some of the booming areas are pretty sick already, so I find it hard to believe that after the price growth experienced since 2000 that we are at the beginning of an extended cyclic upswing. If I had to guess I would say its possible for prices to rise futher, with the end result being a prolonged flat period or a correction at some stage.
Where do you expect the income to house price ratio to peak?
In depth articles by unqualified quack economists talking total nonsense.
I can do that too; the internet is full of such rubbish.
Stick to your delusion though, the rest of us will concern ourselves with things like GDP growth, income growth, demographics etc.
I figured that you were the type of guy that looks up at economists and thinks that it is a profession.
As for your pastimes I guess that is a bit more classy than writing spoof bear emails and posting about them. like we got last night from a would be economist.
I figured that you were the type of guy that looks up at economists and thinks that it is a profession.
As for your pastimes I guess that is a bit more classy than writing spoof bear emails and posting about them. like we got last night from a would be economist.
So the study of Economics is not a profession?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
The study of economics is certainly not a profession.
The teaching of it is and the practising of it is but not the study.
Fucking hell.
You do realise that academics (economics and otherwise) get paid to teach and carry out research, publish papers and what not.
If anything, they do the teaching so that the Unis afford them the time and resources to do their research.
You know that right?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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