Tuesday, December 4, 2007

Housing bubbles about to burst in the East

Why the Eastern European property bubble is set to burst

It's not just the UK in a property bubble. Investors should steer clear of Eastern Europe, unless of course they want the chance to lose their money in a new exotic location...

Posted by mary @ 08:14 AM (888 views)
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9 thoughts on “Housing bubbles about to burst in the East

  • japanese uncle says:

    And maybe it’s about time they miss the old socialist regime in which they could not enjoy lavish lifestyle, but at least they had access to reasonable healthcare and minimum welfare, let alone being free from the fear of boom and bust.

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  • tyrellcorporation says:

    ‘…but at least they had access to reasonable healthcare and minimum welfare, let alone being free from the fear of boom and bust.’

    Ok the free market is bound to have teething problems in these states but honestly Japanese Uncle, get rid of those rediculous rose tinted spectacles!!!

    I know plenty of youngsters from Eastern Europe and the absolutely unanimous sentiment goes along the lines of: ‘I never want to go back to those miserable sh*tholes again!’ It will take decades to truly erase the communist misery from the minds of people in the former Eastern Blok countries. Communism fails everyone, surely you don’t dispute this?

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  • japanese uncle says:

    That miserable sh*tholes were created mainly by the collapse of the socialst regimes after 1989. For example, the ex-Yugoslavians in particular were much better off in 1960s abd 70s to my knowledge. I cannot appreciate any society in which those who don’t want to gamble are forced to gamble.

    Reasonable housing eg must be provided at reasonable price (3 times annual income at most, preferably 2.5 times) which is another daydream in the capitalist world. Besides look at Cuba. Many Americans who have no medical insurance, thus no healthcare are yearning for Castro regime.

    I know a few young Poles enjoying lifestyle in UK. But when they think over the long-term, as they are mostly factory workers with less than average income, what sort of housing could they afford first of all, now that averge house cost in UK is more than 10 times their annual income, let alone the demise of NHS and soaring crimes. They will find themselves disillusioned soon, I guess.

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  • It was totalitarianism and dictatorship that failed, not socialism. From socialism to libertarianism, none of these forms of government have ever actually been tried in their purest forms. The only form of goverment any country has had over the last centuries is conservatism in its various forms – democratic or not, left or right. This is becuase every country has an established ruling class, and conservatism best serves its purposes.

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  • JU
    I went to East Germany many years ago before the wall came down and that was a sh#thole (although I think eastern Germany has always been the less affluent part). But many of the East Germans were disillusioned when the wall came down, when they found out that life in the west was not all it was cracked up to be. Same goes for Bulgaria (except the bit about the wall). Cuba is also a bit of a tatty place and many Cubans are desperate to get out, but this is possibly due to the US trade embargo.
    But equally, the west is making a right mess of things so we might all turn communist you never know. It’s making a bit of a comeback e.g. Russia, Venezuela, Bolivia as well as China.

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  • japanese uncle says:

    UK politics at the moment is de facto dictatorship. Bliar was able to take the nation into illegal military aggression in Iraq without any parliamentary debate and despite millions marching on the street campaigning against it. If there is any political party with any element of representation of vox populi, a political Trojan horse with heavy connection to the powerful international financiers will be implanted under the guise of a concienscious economist, just to ‘correct’ the course by achieving a coup (a multi-stage coup where needed and appropriate) whereby all party officials are tamed to follow the agenda of the financiers. In the US things are even worse, anyone opposing the autocracy of the retard incapable of any public speech without the aid of a device hidden in his back, can potentially be sent to Guantanamo Bay and subject to torture. Voting fraud will go unpunished including the big one in Florida which catapalted the retard into the White House. Yet they are claiming there was a fraud in Putin’s electoral victory. I am speechless!

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  • JU I think you’re on the wrong site/forum/planet.

    I don’t think you are wearing rose tinted spectacles, I think you’re blind/retarded or you’ve been watching too many Michael Moore films (which make you even more of a retard for believing the sh1te).

    http://www.therealcuba.com/Page10.htm

    We don’t all fear boom and bust. If it has escaped you, many people on this site are quite looking forward to the bust.

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  • JU – if you;’re going to commit voting fraud, a little bit of hypocrisy (re: Russia) is neither here nor there. It certainly aint their worst crime!!!

    Unfortunately apathy rules and these evil b**&”%$&*”^£s are still drawing a wage let alone a breath.

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  • You know the government’s in trouble when idiots like JU start contributing to sites like this.

    Don’t believe everything Michael ‘Sicko’ Moore says http://www.therealcuba.com

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