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Registered Mar 20, 2012
topcoates's most recent comments:
- On 10 Apr 2012
New house price report for March 2012 shows prices fell 11.5% year-on-year. Overall prices are on average 28.6% lower than at the peak in 2007.
This shows that prices have not fallen as sharply as the media would have you believe.
What it also shows is that the market was surviving ok by itself until government austerity measures were put in place.
2011-2012 saw an 11.5% fall, which means the cumulative drop over the previous 4 years was only 17.1% - OVER FOUR YEARS! Then in 2011 austerity measures and cuts all over the place and the market drops 11% - no coincidence. Don't blame the bankers, blame the politicians.
- On 5 Apr 2012
yep. I'm here, in Spain, on the ground, in real-estate. I talk to buyers and sellers every day. I see what people are asking for, how much they are selling for. I deal with banks, lenders, lawyers... every day. You believe the media if you want. See how far that gets you.
- On 29 Mar 2012
Would you buy a house for cash in this market?,
What is most popular in the US at the moment, renting or buying?
The trend is leaning towards renting over here as so many home-owners are now struggling (or being evicted) - nobody wants to get on the "property ladder" as it only leads down these days.