Normal
Hhhhmmmm, not so sure about your logic. Sounds great.Anyhow back to the real world. Listened to a rather pre-eminant economist on the subject on Wed and his logic is somewhat different: the US in most mkts has had a shocker, but not all (EG NY). In his opinion coastal or financial center cities tend do do much better in a downturn (if get affected at all). Note nearly every major city in this country. Also in particular Melb and Syd get the double whammy due to their being financial centers. He also stated that per capita income was not as an important indicator as in the past due to dual incomes (or more) per household. Also non-recourse loans had an impact. China. Supply. Etc, etc.In sum he stated would not be surprised if prices came off at little in the New Year but that would be all.Interesting.
Hhhhmmmm, not so sure about your logic. Sounds great.
Anyhow back to the real world. Listened to a rather pre-eminant economist on the subject on Wed and his logic is somewhat different: the US in most mkts has had a shocker, but not all (EG NY). In his opinion coastal or financial center cities tend do do much better in a downturn (if get affected at all). Note nearly every major city in this country. Also in particular Melb and Syd get the double whammy due to their being financial centers. He also stated that per capita income was not as an important indicator as in the past due to dual incomes (or more) per household. Also non-recourse loans had an impact. China. Supply. Etc, etc.
In sum he stated would not be surprised if prices came off at little in the New Year but that would be all.
Interesting.
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