Comments on: When Will House Prices Recover?

By: Beatrice | Retail Letting

Beatrice | Retail Letting — Wed, 10 Feb 2010 10:27:23 +0000

I have to agree with Matt’s comment it is all about supply and demand, its great that over there that government does build decent public housing unlike in other parts of the world but the markets and finances have to recover as well in order people to be able to afford housing again they have to get out the huge mass of debit they have incurred.

By: Matt

Matt — Tue, 04 Aug 2009 03:18:55 +0000

Supply and demand only explains part of the house price rises. The rest is purely due to speculative investment (eg. Recent oil price movement). So far Australia has avoided the bust. Young people here cannot hope to afford housing. The long term impact of this will change our society, probably for the worse. The only solution is what was done in the UK after WW1. That is, for government to build enough public housing. The bubble must be burst and this will cause short term pain for some. The alternative is civil unrest if let go (eg. Rent Strikes, Mortgage Slavery, Slum Lords).

By: Uncommonadvice

Uncommonadvice — Tue, 23 Sep 2008 16:33:34 +0000

I feel that we are more likely to see a repeat of the UK 90s scenario than the experiences seen in Japan. I think the key difference is that people are still flooding into Britain. Look how many HMO’s are booming in our cities!