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Billionaire Investor Predicted 90% Crash on Home Prices

By Robber Baron Elite Scum   2012 Mar 14, 10:29am   ↑ like   ↓ dislike   1,844 views   5 comments   watch (0)   share   quote  

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.

#investing

Comments 1-5 of 5     Last »

1   Nomograph   2012 Mar 14, 10:43am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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 (11/11 = 100% civil)   2012 Mar 14, 11:25am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Mar 14, 11:26am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Mar 14, 2:47pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Mar 15, 1:29am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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.

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