Some scans to show you that the market goes round in circles in what it
worries about. These articles I found in the stored papers of Roy
Wenzlick, a great real estate researcher, whom you will hear much more
about in due course.
What I discovered writing my US real estate history is that all of these
fears and worries that newspapers continually refer to become important
only when people feel they can't afford them, and this happened each
time after land price had turned down, even more so if the populace gets
to the view that things are unlikely to recover at all. At which point
was the time to buy.
In other words, such issues have always been there, it is only when the
general populace feels they will be poorer tomorrow than yesterday that
they worry about it. This happens if it becomes obvious that their
house will be cheaper next year than it is now. Presently this is not
Click here to see the file...
Home mortgages still the number one debt issue, and it's a lot higher
now, as is the land price. (The name of the chief economist brought a
Markets rarely fall if they are worried. So worry about the market only
when there's nothing to worry about.