houses to fall 25%, page-2

Yes house prices are high

So house prices appear to be dropping to below the cost of replacement and below the mortgage and being projected to fall even lower

After this correction/recession is over what can we expect?

If House prices cost too much, it could mean that many things contribute...

that builders profits are too high

that builders wages are too high

that concrete and materials prices are too high

that company profits are too high

or company wages are too high with resultant materials costs and charges being too high

And Government charges are too high because big government and big public servants wage bills are too high
And Interest rates are too high

Too many on the greed bandwaggon?

Could it be the high wages economy and high prices economy that we have?

After this correction are we to expect that an attack will be made on business profits and wages be driven downwards to match the reduced price on houses?

Price control?

Maybe some of us need to be careful what this concerted attack on this "housing bubble" is to eventually produce

My opinion G48