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Housing Fades As A Means To Build Wealth, Analysts Say


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“There is no iron law that real estate must appreciate,” said Stan Humphries, chief economist for the real estate site Zillow. “All those theories advanced during the boom about why housing is special — that more people are choosing to spend more on housing, that more people are moving to the coasts, that we were running out of usable land — didn’t hold up.”

pop!

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Thank goodness we live on a small, overcrowded island! :lol:

Thing is, all these guys a few years ago, were telling us to fill our boots. So this may be the time to "not miss out" if their track record is anything to go by! :blink:

Edited by Sir John Steed
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Well they will just have to learn to tick along nicely rather than forever getting wealthier and richer...give someone else a chance to catch up. ;)

Paper wealth, which is no more than numbers, is about to be screwed up. It was not earned or real in the first place and rather like a descending currency will now lose value against other assets for many years.

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That is major - real estate has been a big wealth driver in the US for decades.

Not a wealth driver at all. Rather, it has been a means of deluding the masses they were getting wealthier when they were getting relatively poorer, and a driver of those same people spending all their future real earnings yesterday so they have nothing today.

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Thank goodness we live on a small, overcrowded island! :lol:

Thing is, all these guys a few years ago, were telling us to fill our boots. So this may be the time to "not miss out" if their track record is anything to go by! :blink:

When we're a play thing for the Chinese trillionaires, I reckon that'll be the story. They're not making any more England - in fact, it's eroding into the sea. Buy now.

We'll be like one of the Dubai world islands... only a real one - but just as affordable.

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  • 415 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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