his final paragraph:
* Historical data says that the "common misconception" is in fact true.
* How does commentary from banks or anyone in particular influence house prices...? Really...?
*
house prices severly overvalued by every measure....by only some "unconventional economists" but not by the RBA and other data providers.
*
in the national interest...LOL... our saviour...c'mon...really..
I've said it before, the market is the market is the market and no-one or group can influence it's direction....it's a conglomerate of supply and demand from all and sunder who participate at any one time and people will buy when it suits them and sell likewise. On the edges you will always have people paying too much (or god forbid too little) for property depending on their level of DD or heartstrings factor.
This guys thinks it's all a conspiracy totally designed and setup by a certain few for their own greater good....you've got to be kidding me...get over it and don't try to make the market, it will not happen, it's way bigger than you or anyone in particular.