Tuesday, Jul 11, 2006

Soft landing on its way?

Firstrung: The house price crash that'll never happen

The biggest global housing boom in three decades may end not with a bang, but with an extended whimper that will keep the economy growing.

Posted by Converted Lurker @ 05:11 PM (632 views)
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9 Comments

1. japanese uncle said...

It just depends on one's perspective. 7% price decrease p.a. will amount to 45% drop in eight years, which constitutes a crash if you see price trend in eight years perspective.

Tuesday, July 11, 2006 08:12PM Report Comment
 

2. Sloth said...

japanese uncle,

It might be that they'll continue to try to lie about the rate of inflation, so "static" house prices won't fall.

Tuesday, July 11, 2006 08:31PM Report Comment
 

3. Wannabemigre said...

what about the paradigal shift in house prices? I thought that house prices would not fall because of this-or are they just waiting for the paradigal shift in house prices downwards, either way the long term house price average is four times earnings, this week it is the wages of footballers being used, next year it could be the factory worker in china, but hey house prices are booming, get yourself a slice of the pie while it is hot, just dont forget to turn off the oven:-)

Wednesday, July 12, 2006 02:00AM Report Comment
 

4. Geneer said...

Then again, it may not.

Wednesday, July 12, 2006 08:30AM Report Comment
 

5. inbreda said...

"Countries are getting richer, and housing prices will rise with incomes,"

I really wish these "experts" would qualify some of these comments. Are countries really getting richer? I thought US/UK were in debt up to their eyeballs.

Wednesday, July 12, 2006 08:45AM Report Comment
 

6. tyrellcorporation said...

A short video but Soros thinks a hard landing is on the way...

http://www.youtube.com/watch?v=PFD_3mZBxD8&search=soros

Wednesday, July 12, 2006 09:05AM Report Comment
 

7. Bubbles. . . . said...

Forgive me if I am wrong...We as a country are consumers..our PSBR is high our MER is high our chancellors borrowing is high (what an example Mr Brown).Trade defecit is high..But still
we all borrow and bury heads in the sand..China is one of the countries who have a trade surplus export more than they import...Nevermind...Borrow more and then we can all pretend we are rich....When will D Day arrive???? I really dont know..Oh now I do cheers Soros...:-)

Wednesday, July 12, 2006 07:54PM Report Comment
 

8. bidin'matime said...

Good link TC - Soros hits the nail on the head the full economic impact of the unravelling of the boom is so much wider than most commentators would admit. HPI has caused its own effect on the economy, so stagnation will reverse that effect theres no escape

Wednesday, July 12, 2006 08:07PM Report Comment
 

9. Indiablue19 said...

Perhaps off the subject, but wanted to ask somewhere -----when will the news release on Neil Couldbeck, RBS banker who was a witness in Enron and just found dead in London park, be posted please? Whether prices are up or down, if houses crash or not, finance is certainly an unhealthy business these days.

Thursday, July 13, 2006 12:20AM Report Comment
 

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