Thoughts on Denver Post article predicting RE party ends in 2019?

[Will Waterman]

What do you guys think of the predictions made in the article? Curious to see if people agree or disagree with the forecast.

Here is link to article.

http://www.denverpost.com/2017/04/16/denver-northe...

[Linda Weygant]

When I first read this, I rolled my eyes and did the proverbial waste basket shot with it.

It's essentially an advertising piece for the firm that wrote the software.  

All it does is talk about the predictions, but it says nothing about the data behind the predictions and that's what makes this a junk article.

They may as well have picked Q3 2019 out of their a** as anywhere else.  

My favorite quote is this:

"Rael contends that the ongoing shortage of homes and continued migration to metro Denver will support double-digit price gains through this year and into early 2018 but that the upward trend can’t last forever."

There is absolutely no data in this article.  Only emotion and speculation and these people may as well have created something that throws a dart.

If you can't back your prediction up with data, trends and solid economic theory, then you're just spewing as much garbage as the guy on the street corner predicting the end of the world.  

So many people read these kinds of articles and it just feeds into their need for confirmation bias.  Ah Ha!  Exactly what I thought!  See?  Now there's a newspaper article to back it up!  And yet, there's nothing in here to back up a truck with, much less an opinion.