We all know that each city has its different markets and submarkets, but its safe to assume as a whole the country is doing pretty good now
D&Gers will always say that we are in a bubble, and that a property crash is around the corner
we saw a major crash in the early 90s
and a drop in 03ish
and a signficant drop in 09 ish
as human beings we never seem to learn or do we?
a few people have commented (which I agree with) that until prices start to double in a few years, we arent in a bubble at all, and that we are in a growth part of the cycle
So what do people think will happen in the next 10 years. Some experts have said that the days of property doubling in 7-10 years is a thing of the past. Have we learnt our lesson or will the past repeat itself. The reason why I ask is, there are some factors that make me think its another business as usual real estate cycle, whilst I also think we are facing very unique circumstances, eg higher then historical income to price ratios, and I think the priority for home ownership will start to diminish, which may lead to a cap in real estate growth
(Ive only included a few realistic scenarios to keep the poll small)
Oops, I accidentally clicked no poll,
well here are my options
1. Average Growth for the next 0-3 years, then and plateau for a few years, followed by the start of a typical property growth cycle
2. Above average growth for the 0-3 years, followed by noticeable drop with a shabby market for a few years, ie the typical real estate cycle
3. Property Bust: signficant growth for the next 0-3 years followed by a correction/bust with a drop of up to 20%, followed by who knows?
4. A new type of cycle where the growth will be fairly small but consistent over the next 10 -15 years with no real drop or plateau
5. Something else
D&Gers will always say that we are in a bubble, and that a property crash is around the corner
we saw a major crash in the early 90s
and a drop in 03ish
and a signficant drop in 09 ish
as human beings we never seem to learn or do we?
a few people have commented (which I agree with) that until prices start to double in a few years, we arent in a bubble at all, and that we are in a growth part of the cycle
So what do people think will happen in the next 10 years. Some experts have said that the days of property doubling in 7-10 years is a thing of the past. Have we learnt our lesson or will the past repeat itself. The reason why I ask is, there are some factors that make me think its another business as usual real estate cycle, whilst I also think we are facing very unique circumstances, eg higher then historical income to price ratios, and I think the priority for home ownership will start to diminish, which may lead to a cap in real estate growth
(Ive only included a few realistic scenarios to keep the poll small)
Oops, I accidentally clicked no poll,
well here are my options
1. Average Growth for the next 0-3 years, then and plateau for a few years, followed by the start of a typical property growth cycle
2. Above average growth for the 0-3 years, followed by noticeable drop with a shabby market for a few years, ie the typical real estate cycle
3. Property Bust: signficant growth for the next 0-3 years followed by a correction/bust with a drop of up to 20%, followed by who knows?
4. A new type of cycle where the growth will be fairly small but consistent over the next 10 -15 years with no real drop or plateau
5. Something else