So many people talk about property 'booms' and 'crashes', which are pretty vague terms.
Now, I realise it's subjective, that's why I'm doing a poll.
I thought it would be interesting to see what people think constitutes a boom.
For the purpose of this poll, we'll use a 10yr time frame. I'll split it into inflation adjusted and non-inflation adjusted terms. The reason is that inflation affects debt as well as allowing rents to be increased. So even if house prices are not keeping up with inflation, you may still be better off, as debts are decreasing in real terms.
Is it....
1. prices higher in 10yrs, regardless of how much or how little it has gone up
2. prices going up in line with inflation
3. prices 25% higher in nominal terms
4. prices 25% higher in real terms
5. prices 50% higher in nominal terms
6. prices 50% higher in real terms
7. doubling of prices in nominal terms
8. doubling of prices in real terms
9. greater than a doubling of prices in nominal terms
10. greater than a doubling of prices in real terms
Now, I realise it's subjective, that's why I'm doing a poll.
I thought it would be interesting to see what people think constitutes a boom.
For the purpose of this poll, we'll use a 10yr time frame. I'll split it into inflation adjusted and non-inflation adjusted terms. The reason is that inflation affects debt as well as allowing rents to be increased. So even if house prices are not keeping up with inflation, you may still be better off, as debts are decreasing in real terms.
Is it....
1. prices higher in 10yrs, regardless of how much or how little it has gone up
2. prices going up in line with inflation
3. prices 25% higher in nominal terms
4. prices 25% higher in real terms
5. prices 50% higher in nominal terms
6. prices 50% higher in real terms
7. doubling of prices in nominal terms
8. doubling of prices in real terms
9. greater than a doubling of prices in nominal terms
10. greater than a doubling of prices in real terms
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