i would suggest they give a great deal more thought to cause and effect,there is unlikely to be any broadly based decline in r/e, some areas for a variety of reasons will be affected,as will distressed sales,but given we have one of the highest levels of 100% ownership in the world i very much doubt there will be anything disastrous. ---------------------------------- Nortiba Sneerch No offence, when I quote your good self, but isn't it through the analysis of actual cause and effect that there has been so many articles pointing towards a down turn in the R.E market.
The cause being a growth of debt as a result of inflated asset prices, the result being inflated asset prices causing more debt ie. a cycle (inflated in an historical sense, whereby houses are above the long term sustainable level of 3.5 times average annual income (which has been quoted/deemed as fair value) to the levels of 8-9 times)
Average house price $540 000 Average annual income $62 000 = 8.7 times
I guess reasoned analysis in regards to facts and 'probable' outcomes would put the odds in favour of a down turn to some degree. Probable is the key word here.
In terms of making it personal and trying to uncover peoples motives, well we are all governed by the same motive to make money. Some just made more than others on the way up.
