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Whose paying attention to what Keen has to say??? Remember his the guy that got it wrong.

Lets stir the pot.... If I was a betting woman I know who I would be backing, the one who makes money;)

Funny that, we are giving out advice on a daily basis on SS and no one has a clue what the majority do for a living, credentials, net worth etc. ;)

Settling in November/December on 4 unit development site in Melb:) There are some great markets to play in at the moment, many moved 18 months ago. Cheers MTR

Thanks Steve Keen......:) BTW, good time for him to jump back into certain markets, he just needs to research which one, or read some of the posts on SS:p

Hi BV I have not looked closely at Kalgoorlie, but I know people who were buying up during this period, as it was cheap and provided cash flow from day 1. Perth was in the midst of the largest property boom from 2001-2006 riding on the mining boom, then in 2007 everything went pear...

Hi o0o GFC hit around 2007-2008, when I was buying in Melb. Here is the link, started by Jingo, it was not a couple of isolated areas, it was boom cycle in Melb, as mentioned started with inner city and quickly spread out...

Incorrect, I was investing in Melb during the GFC purchased 5 properties and put together DA for 8 unit site, the market was booming, it lasted for 18 months, started in the inner city and then the ripple effect. I will certainly not forget this time. As far as Gold coast, falling. Well Keen...

That hurt. He got it absolutely wrong, he predicted Oz prop to fall as much as 40%, guess what Melb was rising during GFC while he was ranting, he never saw this coming, economists never get it right.