The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: reaper who wrote (7248)	12/12/2002 5:42:51 AM
From: maceng2	Read Replies (3) of 306849

perhaps one of the real estate apologists / brokers The price of property is always at a premium. Your argument can be made at any time. One always seems to be buying property at the high, except in severe downturns when everything is on sale. Trouble is rent money is money down the tubes for sure, while owning real estate (your own home) is one of the few ways normal people can increase their net worth. Not to say there is not a property bubble, and that house prices can go down just as fast as they went up. That is always a risk I think. True enough though, I bought my current house about 5 yrs ago, and now glad I did. Trouble, is according to my evaluation, house prices can only continue to go up if wages do too. Almost certainly that would be an inflationary environment. Inflation would of course bring it's own problems with mortgage payments. In this country (UK)there are no real fixed loan rates. A "fixed loan" has a fixed rate from 1 to 6 yrs usually.

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