In October 2008, Macquarie University academic Steve Keen predicted Australian house prices will fall by 40%. Is this likely? Rory Robertson, a Macquarie Group eccomonist thinks he's talking rubbish and the result is a bet with the loser climbing to the top of Mt Kosiuosko.
I plan to watch the market closely over the coming months and predict who the winner will be.I have worked as a Real Estate agent, Bank Manger and Mortgage broker and predicted to all my friends 5 years ago that the insane principles of sub prime/ non conforming lending would lead to catastrophe.
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