Discussion in 'Property Market Economics' started by Steven Ryan, 15th Jun, 2016.
I have nothing to add except...
"If it bleeds, it leads"
By not listening to Harry Dent, from 2011 to 2016 I've probably made more money then he can save in a few decades.
Wow! Surely not even your wife would take you seriously again!!
Steve Keen too
Wow. Where is Denty boy now.
Someone should put a microphone to his mouth and ask him to explain........or apologise.
I think dent has changed his predictions to 2017 for the crash to occur.
Acutely incorrect or otherwise, his predictions serve their purpose. Book and ticket sales.
Here's the full piece. Note 2:15 - shameless plug for the tour promoting his then new book & speaking tour which launched in Aus the month after it aired:
Harry Dent's economic tsunami warning
Ah, he's selling books on fear. What a salesman.
Didn't he have one book predicting a boom and another picking a bust? If so can't go wrong.
So I have to wait another year before I can start bagging him again. All he's doing is kicking the can down the road.
ok, now lets talk about Steven Keen GFC 2008 Australian property market to fall 50%, guess what it did not happen and during this time Melbourne market was booming, I know I was buying up...
Predictions..predictions, most are wrong
What's worse is ch7 giving him the platform to talk his trash. year after year.
Seriously do not understand why anyone would be influenced or pay attention to by economist in US who has no idea on Australian property market
You know there is an upside though.
All the people who don't do their due diligence will look at shows like this and be lead by them. If everyone who "could" invest DID invest, it would increase the rental availability pushing rental prices down, there would also be more buyers of IP's pushing prices up, ultimately without these assclowns yields would go to hell.
In a similar way I have always said, the good old bludger, every office has a few and we actually need them. If everyone was hyper efficient, we would need less workers, this would then increase the amount of unemployed and the ones who did have the jobs would end up carrying the ones who didn't through more and more and more taxation.
It's a delicate balancing act really . For me personally, the less people who invest over the next 10 years the better. So if you could all hold off on any further investments for the next 10 years please, that would be great
I don't think the ratio of underachievers, borderline achievers, above average achievers and super achievers is going to change anytime soon if ever.
We're really only competing with less than 5% of people.
Competing with less would be better .
In my case, it took me so long to look into this because i had seen my brother and his mates get sucked into one of these rental guarantee places that buy a whole suburb then build a place for you and sell it to you at an overvalued price.
I saw them all not make any real money, add that to these scare shows which i generally used to listen to and boom, I was one less investor for the last however long. I don't believe I am an isolated case.
I don't really think of people who don't invest as under achievers. Many people are just not interested, they live from pay packet to pay packet and probably happy with their lot in life.
I was more meaning people in all fields. At offices, hospitals, cafes etc. The people who really want to excel and do super well is a small amount imo which makes it much easier for the hungry, aggressive people to zoom past them. They might be happy to do that I agree, but in my books that makes you an under achiever. I know many will disagree that's fine. Of course I'm not talking about ppl who are in very difficult heath situations or similar.
I have a thing about "under achievers", this is what a teacher told me my youngest daughter was when at primary school...did not sit well with me, but I get your point
I hear ya @MTR. On parent/teacher night I had a barrage of teachers telling my parents all sorts of negative stuff about me and how If I don't pull my socks up and study my algebra harder then I am going to fail and it will have negative effects for me for a long time.
Needless to say I still have no F'ing clue about algebra.
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