Jump to content
House Price Crash Forum
Sign in to follow this  
dougmilbourne

Real Estate To Dive With Peak Oil Crisis

Recommended Posts

Precisely. That's why it could be seriously different this time. The scale of bad debt caused by a conventional property crash with Peak Oil piled on top of it could be pretty dramatic. We could be seeing institutional failures on a scale not known in the living memory of any but a very few very old people. That is a "lower downside" possibility that one really has to be aware of.

I accept the TTRTR argument that "this time it's different" may be right and Peak Oil may not hit for another decade, or even more than that. If TTRTT is right, then I will not be buying a house for a very long time, but I'm saving about 10K a year now, and that will increase, so at least I'll be reasonably asset-rich, if still stuck in an el-cheapo flat in quite a pleasant part of Edinburgh.

But between TTRTR and Peak Oil + Crash I suspect the outcome will be closer to the latter possibility than the former.

Time will tell.

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.

Guest
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.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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.