CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market.
The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved wrong.
McGrath also criticised Dent for failing to account for the ingenuity of Australians, not to mention our long-embedded culture.
In a recent interview with Channel 9, Dent admitted that his predictions in previous years had been off the mark but maintained Australian property was overvalued and in the midst of a bubble that would inevitably burst.
Dent also said high migrations levels h…
Read the full article at: https://www.perthnow.com.au/lifestyle/real-estate/us-economists-crash-warnings-ignore-aussie-ingenuity-john-mcgrath-ng-580ca398ae7b3adf0899a2c440d57287