Historically speaking you are absolutely correct but the conditions surrounding the current market are different than ever before. One of the biggest threats I see is when the banks start putting pressure on those customers with negative equity, which I believe, is a substantial number. On the Sunday show yesterday, John Symond brought up a very good example, a city block of 80 units selling for $750,000 each where only 6 have sold in 12 months, who's holding the can? One of the most dangerous things about property is that people still think that you can't lose on property.
- Forums
- General
- the economist and the housing bubble
the economist and the housing bubble, page-6
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online