Difference between revisions of "US Real state bubble"
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==Description:== | ==Description:== | ||
US (and World) real estate bubble may be nearing its end. Bursting of such may bring the world economy into a grinding halt. | US (and World) real estate bubble may be nearing its end. Bursting of such may bring the world economy into a grinding halt. One out of every 10 US homes valued at 1 million or more. | ||
==Enablers:== | ==Enablers:== | ||
Latest revision as of 17:29, 25 November 2004
Description:
US (and World) real estate bubble may be nearing its end. Bursting of such may bring the world economy into a grinding halt. One out of every 10 US homes valued at 1 million or more.
Enablers:
- Lower interest rates have made it easier for investors to borrow more to buy
- Property is seen as a more attractive investment given the poor performance of stock markets
- Millions of families are spending 35 to 50% of their annual income on mortgage or rent payments
-People buying overprices properties fearing prices will be even higher, increasing the bubble
Inhibitors:
- - -