But house prices can only rise above inflation if people continue to take on more and more debt. It's a ponzi scheme that the banks rely on also to make money.
How else can they rise????
So now the debt is being paid down, and values are falling.
It's the opposite of what has happened for the last 30yrs.
It's only beginning. The pendulum hasn't swung back much at all yet.
WHen it gets to half way mark, we'll all know it.
When it gets to full swing the other way, then it will be time to go guts and all and buy up big.
By then they will be practically giving them away.
