property bubble?

[bearishbull]

another warning on house prices today http://www.rte.ie/business/2006/0127/centralbank.html

im not buying for next few years,the market is showing classic bubble behaviour as alluded to by yale professor shiller who predicted dot.com bust. http://money.cnn.com/2005/01/13/real_estate/realestate_shiller1_0502/

prices fell in many parts of england in last 4 months



[broken link removed] page 5 to see house price falls for last 3 moths of 2005
.


more warnings on uk market.
http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=406526&in_page_id=57


anyone who doesnt think irish property is wildely overvalued is living in a bubble!!! if you can afford to wait for a few years then do so,house prices are falling in many parts of usa uk france,rental yields are ridiculously low but prices still go up this =highly speculative behaviour=high risk bubble.
the irish obsession with property ownership is irrational and will be the downfall of this economy.
prices may rise for the next few years but in the medium to long term a correction in prices is ineviatable,wages arent rising fast enough to sustain such increase indefinetely,interest rates heading up,american economy starting to slowdown,intel chief executive on radio today says we are becoming inefficient even with our low low taxes-the multinationals will be off to eastern europe and asia when the tax advantages dont outweigh the high labour and business costs... there may be trouble ahead!!!!!!!!!!!

www.housepricecrash.co.uk

 

[Sherman]

Yawn.

 

[bearishbull]

Yawn.

stick your head back in the sand mate! you cant deny economic fundametals forever!

 

[The_Banker]

All good things must come to an end. The whole economy is based on people getting cheap money to buy property. And people who bought property over 10 years ago leveraging property to buy more property.
If a crash comes it will be only after the SSIA's have dried up in 2008 and even then the government could take the impact out of the crash by getting rid of the outrageous stamp duty we pay here..

Interesting times ahead!

 

[Sherman]

stick your head back in the sand mate! you cant deny economic fundametals forever!

I'm not sticking my head in the sand, 'mate'. I happen to agree houseprices are overvalued.

I'm merely suggesting that this topic has been done to death here and in many other places, and for every rabidly biased site you link to, someone else (not me because I can't be bothered) can link to one contradicting your argument.

 

[CCOVICH]

Please keep discussion of the existence or otherwise of a property bubble to this thread.