Wednesday, Jul 11, 2007
New House Price Crash Video on Youtube
youtube: House Prices - The Psychology of Boom & Bust Cycles
Psychology drives all markets.
Gordon Brown's miracle 'no more boom & bust' economy is a myth. Boom & Bust has been a factor of all business cycles for over 600 years.
Housing Markets run in 18 year cycles.
Posted by bearorbullenigma @ 12:48 PM (161 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
The interesing thing about the graph was when the HPI crossed the long term average.
There is always a big timeframe between that point and the peak.
In the UK it was 2002 when that point was reached so with hindsight we should not be surprised that HP would not peak until 2007 Q3/4
Fred Harrison is the man.