i would like to know what the owners of this site forsee happening to the property market over the next year or 2? when do you believe this crash will come, and what percentage drop do you project? which sectors of the market do you believe will be hit hardest? do you believe it will hit the atlantic sea board where properties are fetching 10 - 20 - 30mil plus, or just the mid price properties? do you believe the bottom end of the market will be hit? i would like to know what your forecast is....
Hi CTPB, check out this short piece from UCT's MBA programme. Looks like it was written in late 2004 or early 2005, and if they were calling it a bubble then, god knows what it is right now. Link is http://www.mba.co.za/article.aspx ?rootid=6&subdirectoryid=367 (had to break it to fit in comment box, but just run it all in one line)
Fight the good fight.
PS: just had to drop my asking price on a flat by R20,000 - nobody coming to show houses.
In reply to anonymous I believe the SA property market is on the turn at the moment, lagging the US by about 18 months - SA property in relation to rents and salaries is some of the most expensive property in the world. Our boom has been one of the world's biggest so the crash will be just a excessive.
I believe we are heading for at least 40% down in real terms and it will take 5 to 6 years to bottom.
I have nothing to do with this site but the owner discusses such topics over at the Moneyweb.co.za (property section) - I am an active participant over there and if you peruse the threads over the last several months you will got all the answers to your questions and the reasoning behind the answers.
4 comments:
...and they're both dreaming. Your good work is catching on. Check out http://sapropertycrash.blogspot.com
Here's to the crash and feeding off what's left.
i would like to know what the owners of this site forsee happening to the property market over the next year or 2?
when do you believe this crash will come, and what percentage drop do you project?
which sectors of the market do you believe will be hit hardest?
do you believe it will hit the atlantic sea board where properties are fetching 10 - 20 - 30mil plus, or just the mid price properties?
do you believe the bottom end of the market will be hit? i would like to know what your forecast is....
Hi CTPB, check out this short piece from UCT's MBA programme. Looks like it was written in late 2004 or early 2005, and if they were calling it a bubble then, god knows what it is right now. Link is http://www.mba.co.za/article.aspx
?rootid=6&subdirectoryid=367 (had to break it to fit in comment box, but just run it all in one line)
Fight the good fight.
PS: just had to drop my asking price on a flat by R20,000 - nobody coming to show houses.
In reply to anonymous I believe the SA property market is on the turn at the moment, lagging the US by about 18 months - SA property in relation to rents and salaries is some of the most expensive property in the world. Our boom has been one of the world's biggest so the crash will be just a excessive.
I believe we are heading for at least 40% down in real terms and it will take 5 to 6 years to bottom.
I have nothing to do with this site but the owner discusses such topics over at the Moneyweb.co.za (property section) - I am an active participant over there and if you peruse the threads over the last several months you will got all the answers to your questions and the reasoning behind the answers.
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