as i have explained before i dont see house prices dropping fast
besides tcisboss, no matter how many people the housing industry employs if the demand for houses isnt there it wont matter squat and that can be because of interest rates but it can also because nobody wants to buy a house
what if every young person decided to go home and live with their parents?
what if every person who owned an empty house put it onto the market?
what if population growth reversed?
what if the government removed all subsidies for housing investment?
what if people just clued in to how manipulated this market is and is just scared to step up to the plate and push prices higher?
what if people are now listening to message that houses are overvalued and dont want to get caught out?
how are interest rates going to help when such a combination of factors are working against the market?
i think now we are potentially entering a new housing market phase - call it "pushing on a string" when all manipulation and intervention simply fails to do anything
