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Housing market

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    #62
    AC1
    Closed Accounts Posts: 14 ✭AC1


    some guy on the six one news earlier predicting that when the market does correct, prices could come down by 30 percent or at worse 50 percent::eek:


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    #63
    miju
    Banned (with Prison Access) Posts: 8,486 ✭✭✭miju


    AC1 wrote:
    some guy on the six one news earlier predicting that when the market does correct, prices could come down by 30 percent or at worse 50 percent::eek:

    you didnt happen to catch the economists name by any chance?

    the general consensus amongst most bear economists is a fall of around that figure which would bring us roughly back to 2000-2001 prices which was when the market was last "in touch" with fundamentals , going by bubbles past when prices drop they usually tend to overshoot their fundamental worth before coming back to a realistic level over about a 1-2 year period

    again you only have to look at the US property bubble and japan and they have had falls of similiar levels so this prediction is WELL WITHIN the bounds of possibility


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    #64
    chump
    Closed Accounts Posts: 3,807 ✭✭✭chump


    The more I read, the more I see, the more I think
    The more I believe we will have a crash


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    #65
    Afuera
    Closed Accounts Posts: 619 ✭✭✭Afuera


    miju wrote:
    you didnt happen to catch the economists name by any chance?

    He was an economics lecturer from NUIG called Alan Ahearne. The report can be seen from about minute 28 of this link (although I guess it'll only work for about the next 24 hours until they update with tomorrows 6-one):
    http://dynamic.rte.ie/quickaxs/6news.smil


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    #66
    TYLERR
    Closed Accounts Posts: 1 ✭TYLERR


    The soft landing was here already in the beginning of 2006 for all of u who did not see it. Prices are here to stay steady with modest growth.


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    #67
    miju
    Banned (with Prison Access) Posts: 8,486 ✭✭✭miju


    so 18% growth over a year is a soft landing?????? :):):)

    anyways , if your going to engage in the debate at least put up some kind of rationale for your reasoning otherwise your "soundbite" post is meaningless

    actually could one of the mods mup check a couple of these new accounts that have popped up with 1 or 2 posts to their name???


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