[gdcox]

Isn’t is best to go back to the fourth graph on

Yet Another Bad Month for the Case-Shiller HPI

to look for a clue as to when prices were ‘correct’ : ie not over or undershot for a period of normal mortgages. That tells me something like late 99; but projected for the very long term trend ‘real’ growth in house and land prices (ie trend above inflation) the ‘normal’ price level may well been something like 2002 prices

The big time trouble is, the market will probably undershoot that level; perhaps by a substantial . Longer term buyer won’t then worry so much though for they can wait for the knife to bounce!

[gdcox]

Isn’t is best to go back to the fourth graph on

Yet Another Bad Month for the Case-Shiller HPI

to look for a clue as to when prices were ‘correct’ : ie not over or undershot for a period of normal mortgages. That tells me something like late 99; but projected for the very long term trend ‘real’ growth in house and land prices (ie trend above inflation) the ‘normal’ price level may well been something like 2002 prices

The big time trouble is, the market will probably undershoot that level; perhaps by a substantial . Longer term buyer won’t then worry so much though for they can wait for the knife to bounce!

[gdcox]

Isn’t is best to go back to the fourth graph on

Yet Another Bad Month for the Case-Shiller HPI

to look for a clue as to when prices were ‘correct’ : ie not over or undershot for a period of normal mortgages. That tells me something like late 99; but projected for the very long term trend ‘real’ growth in house and land prices (ie trend above inflation) the ‘normal’ price level may well been something like 2002 prices

The big time trouble is, the market will probably undershoot that level; perhaps by a substantial . Longer term buyer won’t then worry so much though for they can wait for the knife to bounce!

[gdcox]

Isn’t is best to go back to the fourth graph on

Yet Another Bad Month for the Case-Shiller HPI

to look for a clue as to when prices were ‘correct’ : ie not over or undershot for a period of normal mortgages. That tells me something like late 99; but projected for the very long term trend ‘real’ growth in house and land prices (ie trend above inflation) the ‘normal’ price level may well been something like 2002 prices

The big time trouble is, the market will probably undershoot that level; perhaps by a substantial . Longer term buyer won’t then worry so much though for they can wait for the knife to bounce!

[gdcox]

Isn’t is best to go back to the fourth graph on

Yet Another Bad Month for the Case-Shiller HPI

to look for a clue as to when prices were ‘correct’ : ie not over or undershot for a period of normal mortgages. That tells me something like late 99; but projected for the very long term trend ‘real’ growth in house and land prices (ie trend above inflation) the ‘normal’ price level may well been something like 2002 prices

The big time trouble is, the market will probably undershoot that level; perhaps by a substantial . Longer term buyer won’t then worry so much though for they can wait for the knife to bounce!

[gdcox]

Just looking on that sub-division on Google Earth with all the houses jam packed, many with no yard, makes me think what right-minded people would pay 1.2M in such compressed density on the edge of town. It looks more like centre of downtown. Compare with this for examaple… yes I know its in Texas, but even so. I would move to Texas and accept a pay cut rather than pay for that canyon sub-division!
http://associates20002.texas.remax.com/
Listings/ListingDetail_r4.aspx?LID=24109376#

[gdcox]

Just looking on that sub-division on Google Earth with all the houses jam packed, many with no yard, makes me think what right-minded people would pay 1.2M in such compressed density on the edge of town. It looks more like centre of downtown. Compare with this for examaple… yes I know its in Texas, but even so. I would move to Texas and accept a pay cut rather than pay for that canyon sub-division!
http://associates20002.texas.remax.com/
Listings/ListingDetail_r4.aspx?LID=24109376#

[gdcox]

Just looking on that sub-division on Google Earth with all the houses jam packed, many with no yard, makes me think what right-minded people would pay 1.2M in such compressed density on the edge of town. It looks more like centre of downtown. Compare with this for examaple… yes I know its in Texas, but even so. I would move to Texas and accept a pay cut rather than pay for that canyon sub-division!
http://associates20002.texas.remax.com/
Listings/ListingDetail_r4.aspx?LID=24109376#

[gdcox]

Just looking on that sub-division on Google Earth with all the houses jam packed, many with no yard, makes me think what right-minded people would pay 1.2M in such compressed density on the edge of town. It looks more like centre of downtown. Compare with this for examaple… yes I know its in Texas, but even so. I would move to Texas and accept a pay cut rather than pay for that canyon sub-division!
http://associates20002.texas.remax.com/
Listings/ListingDetail_r4.aspx?LID=24109376#

[gdcox]

Just looking on that sub-division on Google Earth with all the houses jam packed, many with no yard, makes me think what right-minded people would pay 1.2M in such compressed density on the edge of town. It looks more like centre of downtown. Compare with this for examaple… yes I know its in Texas, but even so. I would move to Texas and accept a pay cut rather than pay for that canyon sub-division!
http://associates20002.texas.remax.com/
Listings/ListingDetail_r4.aspx?LID=24109376#

[gdcox]

Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.

Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious

Graham

PS Speak quietly and slowly in non-English countries and they may understand and even like you.

[gdcox]

Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.

Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious

Graham

PS Speak quietly and slowly in non-English countries and they may understand and even like you.

[gdcox]

Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.

Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious

Graham

PS Speak quietly and slowly in non-English countries and they may understand and even like you.

[gdcox]

Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.

Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious

Graham

PS Speak quietly and slowly in non-English countries and they may understand and even like you.

[gdcox]

Well you could spend a little more time in the UK. Sterling has crashed 12% against the Euro in the last few months.

Do not go to Switzerland or, in mid summer, the Italian and French Riviera if cost conscious

Graham

PS Speak quietly and slowly in non-English countries and they may understand and even like you.

[Author]

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