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"House prices are at the mountain top," Zandi said. "All roads lead down. It's just a question of how steeply."


The San Diego/Southern CA market has closely mirrored the UK market having crashed in the late 80's and recovered in the mid 90's to hit historic peaks in 2004 with a stall in 2005.

All of the crash ingredients are there:

House price to rents at record disparity

Excess supply coming onto the market while demand is decreasing

Prices sustained by opinion minus the fundamentals

Consumers have used "cash-out" mortgages to pay for everything from new kitchens to college tuition. (MEWing)

Edited by Realistbear

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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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