Not sure if anyone is still following the prediction, but it’s looking really good for me from where I stand. Let’s take a look at the latest URA PPI figures:
The figures have changed since the last update due to the change in the methodology that URA uses to calculate the PPI. Most significantly, they have re-based the index to 2009 from 1998. For congruence, I have recalculated the PPI figures back to 1Q 2012. They have also stopped issuing figures for different sub-categories of housing.
As you can see, up to June 2015, the index has fallen a MASSIVE 2% from our base period 1Q12. Hardly the 30 – 50% fall that was envisioned by the forumer. Unless something drastic happens in the next 6 months, my crystal ball prediction is looking pretty safe. Yay!
Join me again early next year for my victory lap!
Centauri78 is not a licensed financial advisor. The information contained here is purely personal opinion, and whilst I make every attempt to ensure the accuracy and reliability of the information, this information should not be relied upon as a substitute for formal advice or as basis for investment.