Whats your evidence?
2006-11-23 09:14:04 · 12 answers · asked by Happy S 1 in Business & Finance ➔ Renting & Real Estate
set back and watch it pop .Iam waiting also contractors building new home every week and there setting empty that contractor was material bills to pay for this and there pockets are getting shorter of cash to pay out . I SEE upcoming contractors filling bankrutt
2006-11-23 11:33:34 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The one lesson that so called investors have yet to learn is when you have high profits you better know why, or then is a red flag that some one is lying. In less you have a patten for the cure to AIDS or Cancer larger profits will mean a big down fall or crash do to some dishonest business practiced.
If you look at resent past record profits like Enron,Worldcom,The S and L crash and the list goes on besides the crash they all had record profits. Check out this web site and see if the housing market in true and based in fact or is some one pulling the wool over the people eyes.
http://www.breakingbubble.com/index.htm...
Needless to say there is going to be a big crash
2006-11-24 09:50:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well i think it may be a few years and by then there will be even more demand for housing. So if youre expecting a plunge in costs youve got another thing coming. Im just glad i dont have to think about housing yet. Try waiting it out for a year or so, and if theres no downward trend, buy up and hope theres demand for housing, plus do up your house no matter so if the market does drop, your house wont be hit too hard. Garages and conservatories can add thousands
2006-11-23 17:23:59 · answer #3 · answered by ricerfuel 3 · 0⤊ 0⤋
It already has. It is a buyers market. The floor will be construction costs. If it costs $130,000 to build a 1200 sqft 3 bedroom home and the local price is $150,000 then it cant move much. If it sells for 800,000 like in Southern Cal then expect a large drop over the next few years. Maybe 40 %. Housing starts are in the tank - when they resume then the cycle is over and prices will rise again.
2006-11-23 17:26:10 · answer #4 · answered by Kirk M 4 · 0⤊ 0⤋
well i think it has to my friend has just bought a house for £119,000 he and his wife have had to take their mortgage over 30 years and i think that they pay around £800 a month including insurances they both have good jobs but if your on the national minimum wage £5.35 x 40 hours its £214 before tax and national insurance you have no chance of buying a house so either the minimum wage will have to go up or the housing market will eventually crash and houses will come down in price
this is my opinion but something in this country has to change and soon!!
2006-11-23 17:30:47 · answer #5 · answered by ironstu3 2 · 0⤊ 0⤋
i have 18 houses including the one i live in..and if the housing bubble burst it wont affect me as they were all payed for a few years ago..so i will ride out any blip in the market and by the time i decide to sell in maybe ten years time the market will be buoyant again
2006-11-23 17:18:46 · answer #6 · answered by michael b 5 · 0⤊ 2⤋
if it does, at some point in the future, properties will cost more than they do now. -- if not you'll have more to worry about like a war or sommat-- evidence history
the only thing that could change the trend is if someone invents a transporter device-- ie live in africa-- in your office in london in 10 minutes !!!!!!!!!!!
people will always need somewhere to live.
2006-11-23 17:20:50 · answer #7 · answered by bob 3 · 0⤊ 0⤋
There is no housing bubble. Just a correction.
2006-11-24 04:51:51 · answer #8 · answered by ? 3 · 0⤊ 0⤋
the council houses in the area i live in are going for £98.000 plus, and thats on an estate called longridge in knutsford cheshire, its mad ,nobody local can afford to live in there own town , so they have to move out,
2006-11-23 17:57:16 · answer #9 · answered by clare p 3 · 0⤊ 0⤋
It won't burst, it will be the best investment you could make.
2006-11-23 17:22:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋