YOU GOTTA LOVE ECONOMISTS
After undergoing several years of University training, to the casual observer, it would appear that economists still resemble witchdoctors throwing the bones to decide what the economy will do!
OK - so nobody can predict the future with absolute certainty and you can make the best guess possible based on the available evidence and you still have a 50/50 shot of being right if you say things will improve or things will get worse.
HOWEVER, you would assume that at least we can agree about what has happened in the past ... can't we?
Consider these two articles published less than a week apart on Moneyweb:
Property economics - interesting stuff!
Gareth Shepperson
OK - so nobody can predict the future with absolute certainty and you can make the best guess possible based on the available evidence and you still have a 50/50 shot of being right if you say things will improve or things will get worse.
HOWEVER, you would assume that at least we can agree about what has happened in the past ... can't we?
Consider these two articles published less than a week apart on Moneyweb:
Property economics - interesting stuff!
Gareth Shepperson
Fascinating stuff - and so useful! One article to show to buyers, the other to sellers......
ReplyDeleteI think the headlines are more misleading than the articles themselves, as there are differences in the segments being looked at by ABSA in the one and FNB in the other.
Certainly we are seeing increased activity in the lower- to middle-price segments in Cape Town, so presumably there would be a corresponding increase in prices obtained. Agreed?