Whoops
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This isn't political and it doesn't attack muslims or christians. It's about the housing market and while the figures are US and Japan the same applies to the UK http://efinancedirectory.com/articles/The_Dangerous_Disconnect_Between_Home_Prices_and_Fundamentals.html[^] personally it will make little difference to me if things go boom but the guy down stairs is paying 3 times as much for his flat as I am for mine so a lot of people are going to be well boned if this blows
pseudonym67 My Articles[^] Beginning KDevelop Programming[^]
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This isn't political and it doesn't attack muslims or christians. It's about the housing market and while the figures are US and Japan the same applies to the UK http://efinancedirectory.com/articles/The_Dangerous_Disconnect_Between_Home_Prices_and_Fundamentals.html[^] personally it will make little difference to me if things go boom but the guy down stairs is paying 3 times as much for his flat as I am for mine so a lot of people are going to be well boned if this blows
pseudonym67 My Articles[^] Beginning KDevelop Programming[^]
Yeah, I have dropped my plans to buy in the next year or so. The UK housing market also suffers from massive supply problems due to labyrinthine planning regulations, which I am not sure is the case in the US. A sure way to get house prices to a reasonable level would be to allow people to build what the hell they want on their own property.
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This isn't political and it doesn't attack muslims or christians. It's about the housing market and while the figures are US and Japan the same applies to the UK http://efinancedirectory.com/articles/The_Dangerous_Disconnect_Between_Home_Prices_and_Fundamentals.html[^] personally it will make little difference to me if things go boom but the guy down stairs is paying 3 times as much for his flat as I am for mine so a lot of people are going to be well boned if this blows
pseudonym67 My Articles[^] Beginning KDevelop Programming[^]
Interesting, and for sure, its a BIG problem. Especially in the UK, where a lot of people have remortgaged their houses based on this increased value to buy stuff likt BIG TVs, BMW 3 series and so on. Those people have no margin in theirhouse, and if the market crunches, and lenders call on their loans, its bye bye time just like in 1990's. I have to say we are fairly safe. Our UK house is 71% ours, and the French house 33% ours, we put down a third, which leaves the miortgage about 25% more than rent would be. Of course the big benefit of buying is that with a fairly fixed repayment the real term cost of repayments drops with inflation, while rent remains the same in real terms. So in the last third of a mortgage, the house is costing peanuts. And then its yours, or your kids, forever.
Truth is the subjection of reality to an individuals perception
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Yeah, I have dropped my plans to buy in the next year or so. The UK housing market also suffers from massive supply problems due to labyrinthine planning regulations, which I am not sure is the case in the US. A sure way to get house prices to a reasonable level would be to allow people to build what the hell they want on their own property.
The inflatationary environment seems to be threatening in India also. The otherwise booming Real Estate market in India seems to be currently feeling a lull.
Vasudevan Deepak Kumar Personal Homepage Tech Gossips
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This isn't political and it doesn't attack muslims or christians. It's about the housing market and while the figures are US and Japan the same applies to the UK http://efinancedirectory.com/articles/The_Dangerous_Disconnect_Between_Home_Prices_and_Fundamentals.html[^] personally it will make little difference to me if things go boom but the guy down stairs is paying 3 times as much for his flat as I am for mine so a lot of people are going to be well boned if this blows
pseudonym67 My Articles[^] Beginning KDevelop Programming[^]
I've seen this coming for a long time. I recently moved from a major east coast city to the mid-west and it is nice to live in an area where housing prices are in-line with the rest of the economics.
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The inflatationary environment seems to be threatening in India also. The otherwise booming Real Estate market in India seems to be currently feeling a lull.
Vasudevan Deepak Kumar Personal Homepage Tech Gossips
For the UK at least though i think the crash will be slowed from that of the early 90's crash. Reason 1) as prices go down, there are a lot of people desperate to get in on the ladder, and so the price drops will be slower. Reason 2) the level of debt acquired byt he "average" person in the UK is so high it is unlikely the lenders would ever recoup the money they have lent. This being the case they are better off allowing people who would normally have their home reposesed to stay where they are and keep paying. And if anyone can beat it, i'm 32 and was offered 7xMy Income over a 40 year term!!! and thats just to buy a 2 bed starter home! At this point i doubt i'll ever own a house, i am planning to make sure my kids get the chance, it seems the only way unless i discover i was adopted and my real parents are rich as hell (and fancy either lending me the money, or dying and leaving it to me....)