« previous   misc   next »

Billionaire Investor Predicted 90% Crash on Home Prices


By Robber Baron Elite Scum   Follow   Wed, 14 Mar 2012, 10:29am PDT   1,400 views   5 comments
Watch (0)   Share   Quote   Permalink   Like   Dislike  

Sir Jonh Templeton predicted in a interview in 2003 that home prices will crash 90% off of their peak prices.

Last year I made the same prediction before I even knew John Templeton made the same prediction. I made thread last year about my prediction that homes prices would fall that drastically. It generated a lot of heated debate.

http://realestate.patrick.net/?p=838204

Some info on his prediction

http://www.garynorth.com/public/4690.cfm

http://www.newsmax.com/Ruddy/john-templeton-John-Templeton/2010/03/09/id/352142

https://docs.google.com/viewer?a=v&q=cache:vjO5hFKS2lMJ:cypressadvisory.com/files/print/state.pdf+john+templeton+89%25&hl=en&gl=us&pid=bl&srcid=ADGEESgwYSEKNlfVidnJJGG-Skyk8-H5EfePQcju7sBMKs114jd7UiyN6nFltz-IpPQljAhJifrVOQj6t0gBzfKye7mbstLQi0TFnvDCi1DLfzXGgIl28j8_9Ge4_B30-TRB2rM8Og9g&sig=AHIEtbRaGSEr2s3N68-5mEP0R37mRuTxvQ

The last link is were John Templeton predicts 89% value lost.

Comments 1-5 of 5     Last »

Nomograph   Wed, 14 Mar 2012, 10:43am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Robber Baron Elite Scum says

Sir Jonh Templeton predicted in a interview in 2003 that home prices will crash 90% off of their peak prices.

Looks like he was really, really wrong, especially in 2003.

PockyClipsNow   Wed, 14 Mar 2012, 11:25am PDT   Share   Quote   Permalink   Like   Dislike     Comment 2

Smells like investment newzletta scams.

Even have a conviently dead billionaire (red flag) writing a letter from the bahamas (red flag) predicting a huge something (red flag).

Now Tell me where to wire my money to you so i can get 1000% return!!!

Robber Baron Elite Scum   Wed, 14 Mar 2012, 11:26am PDT   Share   Quote   Permalink   Like   Dislike     Comment 3

PockyClipsNow says

Smells like investment newzletta scams.

Even have a conviently dead billionaire (red flag) writing a letter from the bahamas (red flag) predicting a huge something (red flag).

Now Tell me where to wire my money to you so i can get 1000% return!!!

http://www.templeton.org/

Sir John Templeton Foundation

thomas.wong1986   Wed, 14 Mar 2012, 2:47pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

Nomograph says

Looks like he was really, really wrong, especially in 2003

IS THERE A BUBBLE IN THE HOUSING MARKET? (2003)
BY KARL E. CASE and ROBERT J. SHILLER

see page 302....

http://www.econ.yale.edu/~shiller/pubs/p1089.pdf

Not long ago some spoke about tearing down some of the newly built homes in Stockton and Modesto because it could not sell... there are cities in the rust belt which saw prices drop pretty deeply. It is very believable to hear that home prices are half or more today. No one would believe that in 2003.

Mobi   Thu, 15 Mar 2012, 1:29am PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

A lot of places have gone down like 70%. Of course, those are bad neighborhoods or overbuilt areas. My prediction is: if there is another financial disaster in 5 years, another step down. So, 70% off the peak is definitely possible. If no, then we will hover around current level or somewhat lower.

Robber Baron Elite Scum is moderator of this thread.

Email

Username

Watch comments by email

home   top   share   questions or suggestions? write p@patrick.net