Friday, Jun 08, 2007
House Prices To Boom For Twenty Years
Sky: House Prices To Boom For Twenty Years
20% falls in prices amounts to - in a number of areas - little more than the last 12 months' worth of gains...A 20% decline in many instances wouldn't even take us back to the prices of two years ago.'
Posted by david20040_0 @ 01:12 PM (183 views) Add Comment
5 Comments
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1. David20040_0 said...
20 years, this really can't be true, surely?!
2. dohousescrashinthewoods said...
Erm, let me see now, how about.. "no".
What are the fundamentals?
1. Falling real wages
2. Increasing interest rates
And the market conditions?
3. Dissipation of speculators
What will happen to prices? (1) means they will slip (2) multiplies the negative trend and (3) ensures prices return to fundamentals.
The rise in house prices is not matched by demographics so it can only be low interest rates and speculators that define them.
3. Scott said...
Now I know why they call it bull news
4. Ticktock said...
But housing is not 20% overvalued, it's 65% overvalued!
5. harold said...
Pie in the "Sky".