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Can we just simply build more houses / units to slow down the house price madness !!!, page-113

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31/05/24

11:14

Post #: 74099904
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Originally posted by happydayz ↑

Menta has raised a good point about the housing market. The most scary part i feel is when the undersupply becomes oversupply as people dump to get out while they can, just like the tulip thing that happened back in the middle ages. I hope it doesn't happen because it will be catastrophic in so many ways.

Real estate agents will love it, but it will also crash the stock market here as well.

It's like blowing up a balloon whilst the party keeps going, until pop or like you say bubble trouble. I think you will also see a lot of lay offs just before anything dire as well, i took notice recently when Telstra announced a lay off over a thousand employees recently, stuff like that are good indicators as the company is considered unbreakable.. And usually it puts more and more people on in good times, but because their economic analysts can see what's around the bend better than anyone else, they are used as a yardstick.

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Hi Happy

You have to remember that people still have to live somewhere and with the rental market so tight those who sell will still be in a bind
So IMHO it will be a long time before we have an oversupply
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