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Nurse Bubb

Usa...homeprices Extremely Overvalued In 53 Cities

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I came across this today and think the link is


If the link won't work try Yahoo news most popular Wednesday 17 Aug.

Yes you've guessed it, house prices overvalued by 30% in those cities.

Will this American export soon hit hit the UK?

My thinking is here the overvaluation is more like 40%

Price correction here we come!!!!!!!!!!!!!!!!!!!!!!!

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One for Dr Bubb this I suspect but do we think the global nature of this property bubble (much like the global technology shares bubble, Nasdaq/Techmark etc) means that we risk "contagion", to use a Greenspanism, if prices visibly collapse in another market - or are all countries "sticky downwards" on an isolated basis depending on their own prevailing economic circumstances?

What I am talking about here is more than a few price falls here and there (a la Australia) but a wholesale (20-30%) crash in a short space of time (eg 1-2yrs). eg, if next year the US house market went into reverse (eg on the coasts) would that affect the market here? I think this is another factor as a few property markets collapsed within a couple of years of each other in the late nineties but there are far more economies with inflated real estate values this time around.

Ho hum.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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