Quote:
Originally Posted by Red
Why argue that? It's just some guys opinion. A bit confusing when he says that everyone that makes predictions is always wrong. Then he predicts himself...go figure.
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That's not what I said. Not everyone.
If you notice I made a distinction as to the people/entities who are intrinsically biased when it comes to real estate forecasts, because
it is their business to just sell sell and sell more houses.
And their opinion does hold some weight (to a point) and is widely disseminated in the media, so they will of course always say that everything is just dandy. This helps to reassure the public and keep the gravy train going. It is however tiring to hear the same point of view over and over again without any counter points, especially when they go against basic logic.
But yes prediction is just that, nobody knows for sure and mine COULD be just plain wrong. It's just nice to have more than one opinion/prediction in the media from time to time.