Wednesday, Jun 16, 2010
A rise with a hidden fall
HIP Consultant: Annual house price rise breaks 10%
House price rises but dont the figures suggest a double dip underway or soon to start?
Posted by kaz @ 09:56 AM (685 views) Add Comment
3 Comments
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1. peter said...
Thinking about the possibility of a housing market correction, I think we need to ask this question: what will happen if house prices continue to go up at, say 10%, but wages go up at 2%?
Clearly something must give at some point or we will arrive at a situation where housese become completely impossible to but - or even rent.
Or, think of ananlogy: pushing a ruler off the edge of a table. For some time we can calmly push it along inch by inch with mothing much happening, but at some point it will tip and fall off because it must do. We just don't know when.
I think this is the case with the housing bubble. We know it MUST burst, but the trick is to say when.
2. str 2007 said...
Peter
I can tell you exactly where the tipping point is.
Numerous experiments have confirmed the density and weight to be relatively even over it's length
adn in actual fact the tipping point appears to be half way along it's length.
In the case of my experiments this occurred at the 150mm mark using a 300mm ruler.
Hope this helps ;-)
(no not that busy today)
recaptcha - the perks (of being self employed)
3. jack c said...
str 2007 - I have just checked out your posting and can confirm your findings ! the housing market on the other hand has several artificial props and will topple over if they are removed - the big question is whether anyone dares to remove them and if so when?