Doom Gloom merchants track record . Nice referance list

Anyone who's been looking at property for any length of time will see some expert predicting slumps . Always worries the newbies

This article by Terry Ryder is a list of many over the last few years who have been consistently wrong .

Something to book mark.

Company at the bottom for faulty market forecasters: Terry Ryder

Cliff

 

Terry should perhaps have considered adding himself to the list of those who got it wrong. I'm thinking of his 2008 declaration of The places property investors should avoid
– Bankstown, western Sydney, NSW
– Blacktown, western Sydney, NSW,
etc. which subsequently went on to have a property boom of approx 50% CG in the 3 years between 2012 - 2015. Article here: No Cookies | Herald Sun

 

Market poorcasters.

 

LOL
The blind leading the blind, I think I wont be buying his predictions or Real Wealth Creation or D Boholt... mining towns, we know that one

 

Not to mention he tipped Port Hedland as a hot spot in 2012 lol

Mining towns lead list of property hotspots - SmartCompany

 

Good list!

Newbies who are reading this should realise/know that what some markets (such as Sydney and a few others) are experiencing right now is a natural, cyclical downturn phase.

This is normal. If you are a new/aspiring investor, study the "property clock" to understand more on this. There are great threads on this very PropertyChat specifically on the HTW Property Clock (Herron Todd White), where you can learn to see what markets are in what stage of their property cycles. Very valuable when addressing the 'where to buy' question so many investors have.

Of course, the clock on its own is just one of many factors when considering a suburb or area to invest in.

 

I think we'd all agree that markets trend in cycles. However, it's worth considering that an investor who has lived and invested through several 'property clock cycles' may have a skewed perspective and be missing the bigger picture, a longer term cycle that could catch them by surprise.

 

From memory he also tipped Townville houses. Been going sideways for a while now...

 

These were the % increase for houses in 2009-2015, 7% shy from doubling in a 7 year cycle....

Blacktown 93%
Bankstown 93%

 

Port Hedland peaked in 2012 and prices have dropped 45%, same as rents. Hope no one followed this tip..ouch

 

He tipped Rockhampton too back in 2012. It made his top 10 Hotspots... More like Notspots.

 

+1

he said that Blacktown, Parramatta and Bankstown are the worst places to invest.

And the article mentions of arson attacks, high aircraft noise... Blacktown/Mt druitt region.





Parramatta

 

Hahaha.

That's really precious him bagging the others.

Perhaps he should "stopspotting".........................then again there's too much money to be made from flogging his reports.

 

Just selling one of my places at a loss thanks to Terry's hotspotting capabilities.

This is also the guy that said media writing about the mining slowdown was a complete beat up.

 

An article that Ryder bagging on others, ended bagging him. Priceless

To be fair, he had Blacktown in his hotspot in 2013 which had a good 2 year run. But then he also had Mandurah in 2014

 

Hey at least give some credit to those who put a date on there predictions.
Nothing riles me worse than an expert who makes a blanket statement with no end date.

"There will be a property bubble burst"....yeah care to elaborate?

They position themselves in a no lose situation and hide behind "wait, its coming" all the while 20 years of wonderful CG took place where those who didn't listen are now rich.

Then when something finally does happen as is natural in any cycle, up they pop with "I told you so!, should have listened".

 

I like pictures and graphs

 

what a hyporcrit, he isnt as bad but his track record isnt very good

its an ok track record for a novice, but terrible for a so called expert

 

True experts put their money where their mouth is and short or long positions they believe.

Experts who sit in a university and make predictions are academics, and their opinions are interesting from an academic perspective. That's about it

 

Terry is a half joke