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    We will defy history if the bubble doesn't burst

    Sorry for hijacking the thread with stories of little ol' me... As TC said, property was cheap in those days. I don't know whether I'll see property that cheap again in my lifetime. But if I were a betting man, I'd bet a dollar that my five year old grandson will see it that cheap in his...
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    We will defy history if the bubble doesn't burst

    HE, Here's the headline version... Started buying property in the early 90s in Melbourne and picked up three very poorly researched IPs in inner city hi rises. At the time I was too highly leveraged, too reliant on rental income and tax breaks, too naive as to how much body corp rates and...
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    We will defy history if the bubble doesn't burst

    The UK in particular is now stratospherically above that cutoff. FWIW, for an old codger like me it's a bit of an academic interest. Personally I suspect there's a bubble and it'll probably burst. When? I don't know. But equally I don't care. I've paid down my debt and am living...
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    We will defy history if the bubble doesn't burst

    White papers are available via subscription at www.gmo.com. I think you can subscribe for free as an individual investor, but don't quote me on that...
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    We will defy history if the bubble doesn't burst

    Not according to Grantham. Again, if you'd bothered to read his work, you'd have realised that the Australian property market did not reach his definition of a bubble until well after 2001. So no survivorship bias there at all... As I said in my above post, I'm not an apologist for him and...
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    We will defy history if the bubble doesn't burst

    So... you haven't bothered to read his research, yet you're confident enough to declare his methodology unsound?!? Grantham defines a bubble as any asset class that jumps two standard deviations above the historical trend at the time. This means that anything you've described above as a...
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