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House Price Collapse 'nonsense'

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Real Estate Institute president Howard Morley said homeowners should pay little attention to predictions of a collapse in house prices and let the market decide.

Presumably by "let the market decide" he means letting the property retiles carry on pumping the market without any counter argument and telling people they will be homeless unless they get on the ladder now.

Edited by OnlyMe

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Sounds desperate - but what spooked this VI was this from the head of the Reserve Bank of New Zealand:

http://www.nzherald.co.nz/section/12/story...jectID=10350254

http://www.rbnz.govt.nz/news/2005/2111674.html

17%... that's pretty much inline with The Economist who consider NZ prices to be 20% over-valued (and UK 30-35% I believe).

NZ is going through exactly the same cycle as the UK - massive HPI has caused huge consumer debt together with the consequential consumption of crap - ergo NZ has the western world's worst trade deficit (6.5%+ of GDP).

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Sounds desperate - but what spooked this VI was this from the head of the Reserve Bank of New Zealand:

http://www.nzherald.co.nz/section/12/story...jectID=10350254

http://www.rbnz.govt.nz/news/2005/2111674.html

17%... that's pretty much inline with The Economist who consider NZ prices to be 20% over-valued (and UK 30-35% I believe).

NZ is going through exactly the same cycle as the UK - massive HPI has caused huge consumer debt together with the consequential consumption of crap - ergo NZ has the western world's worst trade deficit (6.5%+ of GDP).

Errr, try 8% of GDP - thier economy is too reliant on imports, they have ALREADY forecast an other rate RISE this year up to 7% and 80% of economists prediciting more to come.

Canada just raised rates, I cant beleive watching the BBC last night they suggested a rate cut by the BOE - say goodbye to the pound if they do much more of that - wont help house prices anyway -

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  • 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%



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