Petkula73 Posted July 14, 2015 Share Posted July 14, 2015 Had a wry smile to myself when I read it. As if this will happen... Link to comment Share on other sites More sharing options...
Parley Posted July 14, 2015 Share Posted July 14, 2015 Its funny isn't it because only the other day we read that analysis said home values weren't over valued at all. Someone will be right someday i suppose. Link to comment Share on other sites More sharing options...
Petkula73 Posted July 14, 2015 Author Share Posted July 14, 2015 Its funny isn't it because only the other day we read that analysis said home values weren't over valued at all.Someone will be right someday i suppose. It's one of the undeniable truths of the property market that house prices never go down, given enough time. So, yes there might be a slowing down and an apparent fall in prices, but have a look in 5 or 10 years and today's prices will look like a bargain. I lose count of how many times someone has told me the housing bubble is just about to burst. Never does. Link to comment Share on other sites More sharing options...
akiralx Posted July 14, 2015 Share Posted July 14, 2015 It's one of the undeniable truths of the property market that house prices never go down, given enough time. So, yes there might be a slowing down and an apparent fall in prices, but have a look in 5 or 10 years and today's prices will look like a bargain. I lose count of how many times someone has told me the housing bubble is just about to burst. Never does. Although one of the comments there points out that after rising steadily for 50 years Japanese house prices collapsed in 1990 and are now still worth less than half of what they were 25 years ago. Australia's had the rising prices for many decades.... Link to comment Share on other sites More sharing options...
Parley Posted July 14, 2015 Share Posted July 14, 2015 Housing prices can decline at times. It won't go up in a straight line. I think a fall will happen at some point but not until interest rates go up a few percent and/or unemployment rises to about 8% Link to comment Share on other sites More sharing options...
VERYSTORMY Posted July 14, 2015 Share Posted July 14, 2015 It's one of the undeniable truths of the property market that house prices never go down, given enough time. So, yes there might be a slowing down and an apparent fall in prices, but have a look in 5 or 10 years and today's prices will look like a bargain. I lose count of how many times someone has told me the housing bubble is just about to burst. Never does. You might want to tell that to people in Perth where prices have been falling for months. The guy I bought my block of land from had paid about $650k. I paid him $250k. Apartments near me were sold off plan at close to a million. You can get one now for half that. Link to comment Share on other sites More sharing options...
akiralx Posted July 14, 2015 Share Posted July 14, 2015 Housing prices can decline at times. It won't go up in a straight line. I think a fall will happen at some point but not until interest rates go up a few percent and/or unemployment rises to about 8% I agree that unemployment will be the big driver - plus when Chinese investors realise that substantial capital increases are an illusion. Link to comment Share on other sites More sharing options...
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