US doomsayer Jordan Wirsz's Australian housing bubble predictions rubbish

Jordan Wirsz is at it again. This time, thankfully, not many here in Australia are listening to him.

In this latest diatribe, Wirsz claims that he has been studying human behaviour for 22 years. In the past he has tried to have us believe some fairly hard to swallow claims, but that one has to take the cake!

You see, Wirsz was born in 1983, making him barely 29 year of age.

I have five children. I think back to when each of them was seven.  My eldest was a bit of a larrikin – I still recall the day when he set the sprinklers to the “on” position right in the middle of his dad’s work barbecue. Of course, all of the staff were picnicking on the lawn at the time, but it was true seven-year-old behaviour, and most of us were able to laugh about it. My three girls were most likely playing with Barbies at that age and my youngest boy, the studious one, would have been reading a young person’s book.

Studying human behaviour? It conjures up the picture of one of them sitting at the dinner table, thoughtfully stroking their chin and saying to me, ‘you know mum, Mrs Wilson next door has an interesting response to the post man, and I’ve been pondering this peculiar behaviour’!

It’s rubbish, as is much of what Wirsz claims to know about the Australian property market, one which, by his own admission, he researches using Google.

Further, he states that he has learned to “virtually ignore all media/news, because most of the time, they are wrong”. He then goes on to say that ‘this is because they are listening to so called “experts” who have agendas’. Has anyone asked Wirsz how he makes his money? It looks to me like it’s from running seminars and real estate classes, ones that give you the strategies to employ after he has wound you up with his press releases and lathered you into frenzy about the latest gloom and doom.  If that’s not an “agenda”, then I’d like to know what to call it.

He seems to have lately jumped ship a little – from talking about the woes of US real estate to now saying that “the normalcy bias is keeping many people too fearful of buying real estate, which is going to create an exaggerated bottom, just like we saw an exaggerated top”. He now wants to buy into a market that he said, not that long ago, was doomed.

And, in the latest blog (littered with grammatical errors, which I will ignore because, let’s face it, he’s a product of that younger set), he couldn’t resist another swipe at Australia. He says that he has done a lot of research on the Australia real estate market, and can see some “very significant signs that they are almost exactly where the U.S. market was in 2008”. Who knew it could fall so much?’

He thinks Australia is in for it in a “big way” and invites you to “stay tuned for more later”. I gather this means another webinar – more money-making for Wirsz.