Thursday, Jun 29, 2006

The coming bust in the housing market

The Financial Express: The global housing boom

"Never before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China............
The rapid house-price inflation of recent years is clearly unsustainable, yet most economists in most countries (even in Britain and Australia, where prices are already falling) still cling to the hope that house prices will flatten rather than collapse........
....... (but) a drop in nominal prices is today more likely than after previous booms for three reasons:......"

Posted by Waiting Patiently @ 06:06 PM (604 views)
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1. Retiredbanker said...

Interesting to note that house prices have not risen in the two countries that actually produce goods that are worth
buying; viz Germany and Japan.

An artificially induced boom/spending spree for the rest of us?.

This has to end in tears.

Friday, June 30, 2006 09:42AM Report Comment
 

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