Aug 1 2014, 11:27 AM
QUOTE(nookie188 @ Aug 1 2014, 11:09 AM)
prices just cant keep rising and rising - something has to break eventually...
developers can say land prices are rising but if prices are beyond reach of most buyers and the banks are getting stricter, eventually the demand will fall ..
high prices become an affordability issue for most people as salaries are not rising fast enough and with rising inflation, the general population will be priced out of the market..
+1 these days most buyers are either speculators, flippers or long term investors. When these guys are saturated with their own loans then no more demand. Forget the genuine home buyers or 1st time buyers, they are droping out of the market one by one as we speak depending on their income bracket. developers can say land prices are rising but if prices are beyond reach of most buyers and the banks are getting stricter, eventually the demand will fall ..
high prices become an affordability issue for most people as salaries are not rising fast enough and with rising inflation, the general population will be priced out of the market..
When all is aligned, then i want to see what tune the REHDA guy will play.
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