Sunday, Jul 13, 2008
JD (FP) gives a spot on warning last year
Sky News: 16.09.97
Yes when it wasnt popular when the VIs were saying the rate of increase will fall, JDs predicts a all. Interestingly a 10% fall this year (2008) was his prediction which he - correct me if i am wrong - has now increased. In terms of the term of the falls he now is less inclined to completely rule out a japanese type fall. At the beginning of a Grand Supercycle correction? I wonder if FH believes the falls will still conform to the general time period of the cycle.
Posted by techieman @ 03:29 PM (561 views) Add Comment
8 Comments
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1. Eeyore said...
Welcome to the next millenium, techieman ;)
2. plato said...
"Thanks for coming along and cheering us all up"
Well this is definitely true for us in terms of being proved correct.
Looks like the public are being gradually prepared for the worst scenario,as mainstream has no alternative than to report what is obviously happening,before they start to look biased or just plain stupid. Standard questions easily answered by JD. The response was to listen and then put forward another question, obviously appreciating those that had forecast this. Kind of like a learning process, which is probably more for the general public and really I suppose gives the impression of a totally neutral attitude by the media.(Reputation? You know, can't have a bad one, can we?)
Anyway this is becoming the acceptance stage quickly via the media and denial should soon now disappear.
3. Landedgentry said...
Courage and Integrity.
4. mark wadsworth said...
Top interview.
Predicting overall falls of up to 35% is now quite common in the newspapers.
5. growler said...
It seems a great load has come off our heads. We sold in May 07 to many saying we're nuts to rent. I thought when I bought in 2005 that we'd have the crash soon. Where will we all be in 5 years? Just about signed up in a house that has half the mortgage of the one next door we couldn't afford 5 years earlier.
6. Luckyjim said...
JD has been predicting a house price crash since 2004. If you had followed his advice back then - sold up and moved into rented as he himself did - you would be seriously out of pocket now and praying for a 30% drop just to get back to that starting point. Proved correct ? Some people - myself included - called the top of the market last year. JD was not one of them.
A broken clock tells the right time twice a day.
7. techieman said...
Eeyore - erm thanks?!! The point being?
8. techieman said...
LJ - this is the Roger Bottle point we are discussing today. I assume you are right but its still a good interview. BTW i called it a year earlier than you so congrats. However as your name implies was that through luck or judgement?