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Showing posts with the label the mercury adrian kelly reit gfc abc tasmania bubble real estate crash the monthly wynyard the examiner the advocate

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Only a few days ago I was slagging sub-editors at The Mercury. One of them had dished up a bizarre headline suggesting million dollar properties were snubbing the real estate down turn, basically because some houses were listed for sale over a million dollars. Today, as the Tasmanian media responded to the REIT's continuing attempts at conditioning buyers to get sales flowing again, some sub-editor went a bit wild in the other direction, with the headline of... Housing market horrors While I'd say we're not there yet, one thing that was particularly horrible - bizarro excuses dished up by the REIT over the past few days . Adrian Kelly has been showing his bonce in newspaper and on TV, talking up overpriced homes, days on the market, bottom of cycles and how we'll be back in business, growing again in 12 months. Strangely, the guy is allowed to create his song and dance show with little analysis. He's almost becoming the Dennis Waterman, "write the theme tune, ...