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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

http.//news.yahoo.co/s/usatoday/homepricesextremelyovervaluedin53cities

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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