Monday, Apr 23, 2007
A Collapse in Global Property Prices is on the Horizon
The Business magazine: House of Cards
Property prices have risen too fast and are now too high. Inflation is rearing its ugly head all around the planet. Interest rates are marching steadily upwards everywhere. Homeowners and property investors are caught in a pincer trap and are bing squeezed. The most recent to purchase will be the first to crack. Only those with little debt will survive. However, even they will feel much worse off as the value of their assets decline.
Posted by royston @ 02:10 PM (184 views) Add Comment
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