Quote:
Originally Posted by nico-t
no doubt about that, but the reason house prices are low is because the economy is completely fucked. Exactly like where I live - economy gets worse and worse, house prices keep going down.
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No the reason why the economy is fucked is because we've had one of the biggest housing bubbles in history that burst, that's what caused the crash. A giant ponzi scheme created by bankers and the fraudulent credit agencies giving junk bonds triple A status.
And yes actually, the average person paying a smaller percentage of their take home pay for their mortgage is better for the economy because they have more disposal income to spend. So lower house prices are good news, especially for first time buyers
No housing bubble = No house price crash
Quote:
Originally Posted by L-Pink
In the shitter or finally starting to reflect true vs hyped values?
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