Martin Armstrong's failed Real Estate Prediction

Let's first take a look at Martin Armstrong's Real Estate "Model":

Below is another of his predictions associated with it, and below that a chart that puts everything in a 2020 reality context:

Let’s take a look at the top picture again. the model. Since 1955, from which the graph begins, to 1979, when it was first created (claimed to be created, to be precise), there must have been some metric that Martin Armstrong used to measure real estate dynamics. And it wasn’t the S&P REIT index, because there was no S&P REIT index back then. So we can’t use it or any other metric that was developed later to argue that the forecast is correct. But even the S&P REIT says that real estate exceeded the 2007 high. Regardless of anything, when we check what’s going on in all major cities across the globe and every dog on the street will tell you that real estate is way higher than it was in 2007.