You can’t stop it when a bubble pops. Just hope you’re standing far, far away. Real estate has been rising but what isn’t being looked into is why is this happening? What has caused this to occur? What can keep this sustained? Or is this just a matter of time?
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Tapping Your Home Equity for Cash Is Big Again - WSJ
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Household Debt and Government Debt in Canada | Fraser Institute
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Nothing to see here! Just some household debt. The Fed won't let anything bad happen. Nothing to worry about.
I looking forward to cheap homes
Would be nice!
I don't see much evidence of UK house prices falling yet. I've been watching the market for a couple of years and what I am noticing is more expensive houses just aren't selling. Even so people are reluctant to drop prices so they just stay on the market and don't sell for months, if not years.
I think sellers and estate agents need to dose of reality, which will come when forced sellers arrive due to a general market downturn. At the moment everything is still over priced.
Agreed. Just keep an eye on interest rates (Particularly in the UK!)
This comment has received a 0.52 % upvote from @drotto thanks to: @banjo.
Its the same thing in Europe now except people don't have to go anywhere to get that loan it comes instantly via your bank into your account. I have talked to persons that are making equivalent of 700 USD a month getting instant no verification un-secured bank loans for 10,000 to 15,000 USD @ 6-7% interest rates. This is insane... They really need people to keep borrowing now in order to keep the system afloat...
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Exactly. Yet people deny this reality. It makes them feel good.
I have seen UK housing as being overpriced since 2005-6. When the early rumblings of the financial crisis started in 2007 and went full blown in 2008, I thought a significant downturn in house prices was on its way. How wrong I was . I hadn't heard of QE back then. Nine years later and everyone is still complaining about high property prices. I don't have any hope of getting on to the UK property ladder because though many are predicting a correction, who knows what trick/scam/dodgy accounting the BoE is going to pull to just continue pumping this bubble. Fall in prices and kill the government ponzi scheme cash cow?....Nah, not going to happen anytime soon
Interest rates are the key indicator. In the UK in particular, we can see insanely low mortgage rates. It's a joke. So of course it can push prices up. But keeping rates at this level requires central bank intervention. That's a ticking time bomb.
We fell off the ladder in 2009 (health & unempolyment issues) after 8 years of home ownership and we barely made any money off the sale to pay the mortgage debt off. Here we are in 2017 and my wife is keen to get back on the ladder and so far I'm currently managing to hold her back lol.
I'm trying to convince her to exit the 'system' and live a self-reliance lifestyle in the South West of England .................. not much luck at the moment.
Resteemed :)
That's what I want too. A greenhouse, solar panels, etc. All the good stuff from nature.
The entire (leveraged) financial system has come to its brink ...
Get ready for it.
I am.
Frankly i've been waiting for it quite some time ;)
Imagine how I feel. I wrote 2 books about it! But the more money people are making right now on massive leverage, they'll be so hurt in the next crash and will either be highly aggressive or crying. Stay far away from them!
The exakt same message has gone out to the insiders the last week ... From non other than Lord Rothschild.
http://www.zerohedge.com/news/2017-08-19/lord-rothschild-share-prices-are-unprecedented-levels-not-time-add-risk