Can experts really forecast a property recession two years in advance?

Discussion in 'General Property Investment Discussion' started by nmb, Jun 18, 2016.

  1. nmb

    nmb Well-Known Member

    Some so-called property experts have been forecasting a recession in 2017 for various parts of the worldwide real estate market. However, are these not the same people who missed the 2008/9 worldwide economic collapse which was based upon a reckless US sub-prime mortgage market?

    While it is good to see different opinions about possible movements in property prices in the short to medium term, can you really trust them?
     
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