Quote:
Originally Posted by kaz101
My parents are in Bedfordshire and they are seeing a lot of houses on the market too. I think it's the press reports saying there's be the biggest drop in housing prices for 30 years. Almost makes me wish I was back there to buy some up - almost but not quite 
What I don't understand is that property goes in cycles, so if people don't need to sell the house, it will gain in value again. Obviously it's a bit different if you are moving overseas unless you can afford to rent it out.
Locally here in South Australia people are selling too, but that's because they over extended themselves. Now interest rates are going up and people can't afford to live in the house they bought only a few years ago.
Regards,
Karen |
You know , for many years the real estate people inflated the price of homes by telling owners "Oh , i can get more than that'" Thinking only of the additional 6% commission , now it is "sell now" , the bottom is falling out of the market , picked up too eagerly by the press for 'News coverage'
The latest 'Scare 'has been the cost of food staples , the price of rice has doubled in the local markets of Asia, WHAT? In most of Asia , countries produce more rice than they can possibly eat so they EXPORT it. Because of wheat problems in Pakistan , the price of beer has escalated , most beer is made from malt or rice extract !!!! I could go on , but why ? We have such a gullible public market today it is frightening , they truly believe that what they read is the gospel truth according to St Paul , why do they not turn and ask St Peter ? Corn as a fuel alternative , with the mileage obtained there is no advantage when one factors in the additioal increase in food stuff because so many products are dependant on corn , san fairy anne , i purchased extra rice paddies and some sows because i could see it coming , so why did you not do the same ? To dependant on government or too lazy to get on the internet and analize the facts or predictions .Colin