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Wolf Street Report: "Is this the Beginning of a Globalized Housing Downturn?"

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It is only the land and buildings speculators that will lose out in a housing downturn.....yield falls, capital falls, equity reduction, income and overall wealth falls....using it to live in still worth a lot, but worth nothing money wise until sold....then the next one hopefully worth less, can buy for less.;)

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25 minutes ago, happyguy said:

another global meltdown? Like all the ones that have been predicted for the last 10 years> 

A meltdown not required, a reversion to mean plenty adequate.;)

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3 minutes ago, winkie said:

A meltdown not required, a reversion to mean plenty adequate.;)

indeed

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It has definitely started in Canada...I got out just in time. The stand off here will end before long if Brexit is completed one way or another, but I think sellers will be in for a nasty surprise if they think an agreement will result in millions of buyers coming out of the woodwork.

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5 hours ago, happyguy said:

another global meltdown? Like all the ones that have been predicted for the last 10 years> 

Never one to pass up the opportunity for an embarrassing logical fallacy hey happytroll. You must be a barrel of laughs in the pub, like Alan Partridge.

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Found a good comment on that link:

The heavy financialisation of property, the effect of creating unruly upwards price competition, now at a global level, is to put the cart before the horse. The idea should that housing affordability be only a minor cost to a person, given its importance. That is to say it should reflect only the true cost of materials and labour. Now instead it reflects the maximum you are able to afford under mortgage, and then some. People buy it though, because they have no other choice, because that is all that is offered. The rest get to join the socialist fan club, that ensures further profit for developers at the expense of all. It isn’t even a compromise, just one more avenue.

The other side of the coin is that many populations are increasingly not involved in directly productive work, or otherwise do work that is considered basically surplus by the big boys and fast movers . That is to say that they are considered more or less an economic deadweight. They do not realise this until they find the only place they are celebrated is acting as conduit for cash into someone else’s pocket.

Edited by bushblairandbrown

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54 minutes ago, Si1 said:

Never one to pass up the opportunity for an embarrassing logical fallacy hey happytroll. You must be a barrel of laughs in the pub, like Alan Partridge.

If we stopped feeding him perhaps he'd die... or at least bugger off back to his self-proclaimed idyllic stock-photo boomer lifestyle. The ignore function is a wonderful invention ;)

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7 hours ago, happyguy said:

another global meltdown? Like all the ones that have been predicted for the last 10 years> 

Fair comment: tptb have managed to keep bankruptcy at bay for 10 years.

But in that time the debts have doubled. 

So it goes on until central banks are overwhelmed, and then bankruptcy.  

Happy guy is plumping for debt forgiveness via hyperinflation as the political preference, over asset prices collapsing.  

He could be right, unfortunately. It's not an unreasonable position.  

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38 minutes ago, ftb_fml said:

If we stopped feeding him perhaps he'd die... or at least bugger off back to his self-proclaimed idyllic stock-photo boomer lifestyle. The ignore function is a wonderful invention ;)

blueprint-api-production.s3.amazonaws.co

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7 minutes ago, 24gray24 said:

Fair comment: tptb have managed to keep bankruptcy at bay for 10 years.

But in that time the debts have doubled. 

So it goes on until central banks are overwhelmed, and then bankruptcy.  

Happy guy is plumping for debt forgiveness via hyperinflation as the political preference, over asset prices collapsing.  

He could be right, unfortunately. It's not an unreasonable position.  

It is not possible to go bankrupt with an unlimited supply of printed money.

To infinity and Beyond. 

Edited by GreenDevil

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1 hour ago, Si1 said:

Never one to pass up the opportunity for an embarrassing logical fallacy hey happytroll. You must be a barrel of laughs in the pub, like Alan Partridge.

Lynne, these are crash people!!!

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  • 294 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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