Thursday, August 8, 2013

Its almost never as dramatic as you think–immediacy bias at work again……

Property growth rates Dec 1990 to Dec 2012. QV comment:

The current rate of increase in Auckland, at around 13%, is well below the previous two property cycles. This suggests that if we are in the middle of another cycle of growth, and if this cycle reflects the previous two cycles, then we could expect values to increase nearly twice as fast as they currently are in the coming years.

Is this any sort of justification for intervening ??????

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