“Property Prices to Fall by 40%… Sell everything and run!”
Crazy way to get your attention. But the subject line to this e-mail is what a highly respected professor of economics reported to the media in 2009. The name of the Professor is Stephen Keen and he certainly made a big name for himself by predicting that the extreme property market was going to fall by 40% last year. Stephen was so certain that he went public and told everyone that he was going to sell his complete real estate portfolio, including one property in Surrey Hills, Sydney. He sold...
Read MoreI was floored when I saw this…
Yep! That’s right. I was shocked when I saw this chart. It stopped me dead in my tracks and got me thinking seriously about where we’re at right now in the real estate cycle. Now, to get the impact of this, think back several years ago when the press would absolutely hammer this like there’s no tomorrow. The affordability rate of real estate as a percentage of the average income. I don’t know if you remember, but when the figure was getting up to 35%, they were calling...
Read MoreDISASTER is brewing… and a 74% ROI!
I urge you to pay attention and notice. Critical events that are happening right now and will be common-place in 2009. Here’s what I’m talking about… Paul Leroy (no mate of mine), a barrister/trustee from Hall & Chadwick just released some shocking news that is a clear indication of what’s about to unfold. Australians are going broke at a record rate… 3,000 people are being swamped by debt and hitting the skids fast. 9,000 Aussies went broke in...
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