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Billionaire Investor Predicted 90% Crash on Home Prices

By Robber Baron Elite Scum   Follow   Wed, 14 Mar 2012, 5:29pm   1,221 views   5 comments
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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/forum/?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.

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1. Nomograph Follow Befriend (1) 104 threads 2,851 comments

   1   5:43pm Wed 14 Mar 2012   Share   Quote   Permalink   Like   Dislike   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.

2. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   2   6:25pm Wed 14 Mar 2012   Share   Quote   Permalink   Like   Dislike   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!!!

3. Robber Baron Elite Scum Follow Befriend (3) 48 threads 480 comments Roslyn, NY

   3   6:26pm Wed 14 Mar 2012   Share   Quote   Permalink   Like   Dislike   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

4. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   4   9:47pm Wed 14 Mar 2012   Share   Quote   Permalink   Like   Dislike   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.

5. Mobi Follow Befriend 1 threads 238 comments

   5   8:29am Thu 15 Mar 2012   Share   Quote   Permalink   Like   Dislike   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.