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Property cycles – an investor’s view

Fred Harrison’s Boom-Bust theories are being used by some investors who still think they can get rich quick by playing the cycle. There is an irony here. Follow the “Read More” link to watch these videos by an investor who is upset at having sold too soon to maximise his profits and missed out on the last years of the boom. The videos give a clear exposition of the theories. On a broad view, these kind of “investment activity” is completely unproductive since it adds nothing to wealth. If the wider interests of all were to be taken into consideration, a government would be making firm moves to get LVT on the statute books, to kick the economy out of recession and prevent a repeat performance around 2028.