Mr Martin North is taken to task by AFR

Discussion in 'Property Market Economics' started by Illusivedreams, 11th Sep, 2019 at 8:21 PM.

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  1. Illusivedreams

    Illusivedreams Well-Known Member

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    Property sceptic unbowed by market upturn

    Property analyst Martin North has been wrong about the market pretty much since the early 2000s, when he concluded many Australian home owners had lost touch with financial reality.

    Property sceptic unbowed by market upturn

    Has the media woken up?
     
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  2. datto

    datto Well-Known Member

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    He's been wrong for nearly 20 years. His luck is bound to change one day. Keep your chin up son lol.
     
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  3. sash

    sash Well-Known Member

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    Yes Datts....just like youse luck changed when youse married into the Druie Royals. ;)
     
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  4. willair

    willair Well-Known Member Premium Member

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    Nothing to worry about ..the investment press media are always calling for heads to roll,as this person is on the long list of thinking --''It was no one's fault particularly '' only the way some see the future..
     
  5. Blueskies

    Blueskies Well-Known Member

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    Question is not if he is right or wrong but how he is playing the game. Given the amount of press he has gotten in the last few years I suspect his approach has been pretty lucrative.
     
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  6. Sackie

    Sackie Well-Known Member Premium Member

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    He's doing what's best for him and his career and family. As are investors, doing whats best for their families. The only ones getting duped are his (and Keen's, Dent's) followers and people of a similar ilk.
     
  7. Francesco

    Francesco Well-Known Member

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    Every migrant skeptic is an instant expert at Aussie property market and economics. What has happened in their previous country should happen in Australia. It hasn't yet? Well it should! Get back in line! This time it should not be any different!
     
  8. Francesco

    Francesco Well-Known Member

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    If an expert is wrong for 20 years, that is a career busting performance and a disaster in personal finances if it had followed the analyses!
     
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  9. TMNT

    TMNT Well-Known Member

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    there should be some law that measures credbility, and if your credbility is below a certain limit, then you get struck off or banned or have a title saying "low credibility rating"
     
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  10. Sackie

    Sackie Well-Known Member Premium Member

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    Not sure the stats on this must most migrants I know are super hard working, grateful to be here and generally work hard to buy a family home. I generally find the people here from US, Ireland and UK are more overly pessimistic.
     
  11. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

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    He makes the same mistake everyone makes. He is looking at nominal prices. Nominal prices go up generally because of inflation.

    If he looked at currency-adjusted real property price movements, we have been in a bear market since 2004, and he would be right.
     
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  12. Gen-Y

    Gen-Y Well-Known Member

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    There are more than what meets the eyes with Martin North.
    I used to like his content for a laugh.
    After googling him and his financial success, basically zero achievement.
    For a person which have so much data and information like that - I would of absolutely made millions or billions by 20 years.
    That is not the case with Martin North.. enough said!
     
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  13. Sackie

    Sackie Well-Known Member Premium Member

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    I actually find too much information is a hindrance. You'll be bound to come across some data that'll convince you the world is coming to an end just around the corner.
     
  14. Propagate

    Propagate Well-Known Member

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    If you enjoy reading, you should read Blink by Malcolm Gladwell...
     
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  15. 2FAST4U

    2FAST4U Well-Known Member

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    Every week Australia is closer to an 'economic Armageddon' according to Mr North. Too sensationalist for my liking.
     
  16. Sackie

    Sackie Well-Known Member Premium Member

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    Looks interesting. I'm sure I've read similar studies before as I've read alot in that particular area however can't pass it up. Placing an order now. Thanks :)
     
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  17. marmot

    marmot Well-Known Member

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    Yeah we just need to keep on dropping interest rates to prove how wrong he is.
    Not sure how its all going to work when we get to Zero.
    In the last 6 or so years interest rates have dropped by about 400 points and were still trying to figure out how to stimulate the economy and create more jobs.
     
  18. Propagate

    Propagate Well-Known Member

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    ...slighty off topic, but if you enjoy it then his book "The Outliers" is also worth a read, I found it very interesting.

    EDITED to add - doesn't matter which order you read them, they're both stand alone books.
     
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  19. 2FAST4U

    2FAST4U Well-Known Member

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    The economy is not in the best shape. However, Mr North makes ridiculous claims and uses small subsets of the property market e.g. Mandurah in Perth to propose that the Australian property market is doomed and that we are all going to be living in a depressed armageddon.
     
  20. Sackie

    Sackie Well-Known Member Premium Member

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    Oh I have Outliers. I didn't even realise same authors:oops:
     
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