From: Stirling Reid
I would be interested to know if anyone keeps copies of old forecasts for property prices by city or by suburb made by the well known companies, and compares it with what actually happened.
I remember some figures quoted from economists on their forecasts of GDP, it may have been a Warren Buffet book. Not only did 75% of these economists get it wrong, they got the direction wrong. It was clearly a case of the exact opposite to what the experts say is the way to make money.
Stirling
I would be interested to know if anyone keeps copies of old forecasts for property prices by city or by suburb made by the well known companies, and compares it with what actually happened.
I remember some figures quoted from economists on their forecasts of GDP, it may have been a Warren Buffet book. Not only did 75% of these economists get it wrong, they got the direction wrong. It was clearly a case of the exact opposite to what the experts say is the way to make money.
Stirling
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