Homes: U.K. went cold; U.S. could too
- Thread starter Riprorin
- Start date
I wonder if it makes a difference that the U.S. and U.K. economies, governments and social structures are NOTHING ALIKE.
It might be a true statement but it isn't going to stop the housing bubble from bursting. California is going to get hit the worst. You can ignore all the economic indicators and shun logic and reason and just go ahead and get an adjustable rate interest only loan on a home priced at ten times your salary then because this is the land of opportunity and you will not be denied your American dream.
Hey guys, we're talking about Ripronin now. You remember, the guy that claims to be an expect on pre-biotic life on Earth, but can't do even the most fundamentally basic Organic Chem questions (or for that matter, anything that he can't regurgitate since he can't google it), in addition to simple fixes to all the problems with the public school system? Let's not forget how he owns himself in nearly every thread and just quits replying when these kinds of things get pointed out.
You actually care enough about what he thinks of real estate markets? What is he, an Analyst now, too? Must be quite a skill set you have there, Rip.
You actually care enough about what he thinks of real estate markets? What is he, an Analyst now, too? Must be quite a skill set you have there, Rip.
spherrod
Diamond Member
apparently UK house prices are still going up annually, just nowhere near the levels of the past few years - they are still forecasting significant rises in my area at least
I don't, becuase you haven't made any arguments in this thread. Once again, you post a link and state a sentence that has nothing to do with facts in the article, but a generalized opinion that you probably had prior to reading the article in the first place! Typically, your sentence could be derived from the first caption headline of the article anyways. In this particular case, you have made ZERO arguments to link, in any way, the housing market of the UK with that in the US!
I saw a reference to an interesting statistic in there.... debt to income ratio.... anyone have any idea whats considered normal for a home buyer in the US? 1:3? 1:4? 1:5?
You're a freaking idiot to think that comparing the UK (which is merely about the size of a typical state) to the entire US. Not the entire US has a real estate bubble.
Because what makes housing prices continually increase is having lots of land right?
With the astronomical growth of the suburbs around here, I don't see the market being good for the "investors" in the future, especially with the increasing oil prices that will depress the world economy gradually.
bigdog1218
Golden Member
- Mar 7, 2001
- 1,674
- 2
- 0
What would you invest in renting? Oh wait you can't. A person can buy a home that they can afford whenever they want. All this bubble garbage is absurd, calling it a bubble and comparing it to the tech fall just shows how ignorant people are. With the internet bubble some stocks fell 70,80, 90 %, with real estate a 20% correction would be huge and only localized in certain markets.
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