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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (22595)3/11/2005 11:10:26 AM
From: The Wharf  Read Replies (1) of 81063
 
National Association of Realtors shows that one-quarter of all houses bought in 2004 were for investment, not owner-occupation.

I am more concerned as Paul is looking to buy a house and he has been looking at well over 1m. Here apartments are very expensive and there is no tax benefit to renting. To me the income level of many are not able to meet the cost of housing but there is growth probably partially due to import and LA area being a large part of port business.

The emotional end of me just signed a petition to attempt to stop the removal of older rental units filled with old people so a new condominium development could be built. This is one huge problem in my area where one can pay well over 1500 for nothing. Limited land space is one of the reasons and inner city is being redeveloped into what I feel will be a much higher rent area.

I am not comfortable as I feel there are too many people who are too leveraged debt wise in property Increase in rates will slow property increase the question is will it drop severely as it did before? Will that 25% be sufficient to set the ball rolling? Will inflation which i am sure of catch up to housing prices?

Thank you for the post Searle.
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