Monday, Mar 23, 2009
Is this where the UK will be in 2031?
Bloomberg: Japan Home Prices Slump to 24-Year Low as Recession Deepens
"Japanese residential land prices fell to a 24-year low as job losses and wage cuts discouraged homebuyers...Residential land prices fell 3.2 percent in 2008 to the lowest since 1984... ." Property is now an investment that can lose you money over a quarter of a century, even in an over-populated, overcrowded island.
Posted by ah-so @ 12:27 PM (256 views) Add Comment
1 Comment
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1. mark wadsworth said...
What about pent up demand?