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  1. #151
    Join Date
    Sep 2004


    Quote Originally Posted by Chris W View Post
    . . . an economist has warned.
    Nuff said. A prediction soothsayer looking for media coverage for his business.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  2. #152
    Join Date
    Sep 2008


    that seems a pretty worse case scenario....

    but those need to be accounted for too
    have you defeated them?
    your demons

  3. #153
    Join Date
    Mar 2007


    What is generally forgotten (but is actually mentioned in the above scenario) is that as the recession bites new home building ceases.
    Therefore, with a rising population, a housing shortage develops. Over time this pushes prices back up so eventually builders can once again build with the expectation of making a profit.
    So there is a self-correcting mechanisim at play.

  4. #154
    Join Date
    Jul 2017


    If you're interested, here is a firsthand experience of the Irish property bubble


  5. #155
    Join Date
    Sep 2007


    I just watched that actually. Was quite good.
    Squadly dinky do!


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