Jump to content
House Price Crash Forum
Sign in to follow this  
The Masked Tulip

Thirty Years Of Reasons To Fear Housing Market

Recommended Posts

from the link above

Houses for first-time buyers are the least affordable since the third quarter of 1989, when rising energy prices and higher Federal Reserve interest rates last coincided with a bursting bubble, Rosenberg wrote in a research note this week. ``New home sales plunged 20 percent in the ensuing year as demand responded to the affordability erosion,'' he said.


oh, i forgot, it's different this time.


``Bubbles usually end, not necessarily because of higher interest rates, but because you eventually reach a price point where the bids dry up,'' wrote Rosenberg at Merrill. ``When you treat your rising home price as a bonus to be spent every year, and that source of so-called income dries up, so does your economic activity.''

i think a lot of folk on here should work for Merrill - this has been said on here for ages.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 335 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.