As with the rest of the world, it seems the stats are finally coming through showing the commercial property sector following after residential here in SA.
Here's an ugly looking graph that is sure to make every bank start questioning their CPF divisions:
My sources are also indicating a massive wave of distress hitting a bank near you this month, making the losses on single dwelling homes look like pocket change.
I suggest you start adding this sector to your analysis.
hey propxchanja, it's nice to see some smart posts for a change. Clearly you're thinking your way through this. Most of the anon posts here relfect the lack of homework that is also evident in most estate agent's listings. Yes, you're touching a live nerve there boyo! Fluctuations in domestic property pricings are generally just the leading edge of the vacuum effect that is sure to follow. The cummulative result of a credit freeze in International Credit is never, ever, a soft landing and it won't be this time. Looks for the follow through trickle of a 90% reduction in Intl trade to hit a strip mall somewhere near you. I've actually been quite surprised how many astute small traders have collected their cash reserves, simply closed up shop and skipped the joint. Go check the 'To Let' signs in the malls. I see floorspace all over Cap Town malls standing empty 6 months or longer now. The commercial letting agents must be getting nervous round about now.
Something that I was contemplating is happening in the UK, where residential rentals are dropping as more BTL properties hit the market. All those amazingly bullish BTL blokes in SA (CJ's Landlord out there?) looking to push there rentals up as loads of new tenants hit the market, be warned, there are loads of alternatives out there. I can see this starting to hit in SA.
Ursa, I hope you are being sarcastic. Paper money is about to become worthless. Capitalism is on its way out. I think people who own more than one house should have it taken away by the government. If they don't want to give it up they should be shot. We will soon be looking at all aspects of life much differently. The macro bubble is the bubble of expansion, growth, globalization, industrializaion, capitalism, etc. This stuff has only been going on for a couple hundred years or so, and the rate of growth all over the world has been at a breakneck pace the past 100+/-. The computer/information revolution blew so much hot air into the bubble...and then it went to property. Now where? Its over. Can someone please lick my nuts?
4 comments:
As with the rest of the world, it seems the stats are finally coming through showing the commercial property sector following after residential here in SA.
Here's an ugly looking graph that is sure to make every bank start questioning their CPF divisions:
http://www.ipd.com/OurProducts/Indices/SouthAfrica/SouthAfricaAnnualPropertyIndex/tabid/442/Default.aspx
My sources are also indicating a massive wave of distress hitting a bank near you this month, making the losses on single dwelling homes look like pocket change.
I suggest you start adding this sector to your analysis.
hey propxchanja, it's nice to see some smart posts for a change. Clearly you're thinking your way through this. Most of the anon posts here relfect the lack of homework that is also evident in most estate agent's listings. Yes, you're touching a live nerve there boyo! Fluctuations in domestic property pricings are generally just the leading edge of the vacuum effect that is sure to follow. The cummulative result of a credit freeze in International Credit is never, ever, a soft landing and it won't be this time. Looks for the follow through trickle of a 90% reduction in Intl trade to hit a strip mall somewhere near you. I've actually been quite surprised how many astute small traders have collected their cash reserves, simply closed up shop and skipped the joint. Go check the 'To Let' signs in the malls. I see floorspace all over Cap Town malls standing empty 6 months or longer now. The commercial letting agents must be getting nervous round about now.
Something that I was contemplating is happening in the UK, where residential rentals are dropping as more BTL properties hit the market. All those amazingly bullish BTL blokes in SA (CJ's Landlord out there?) looking to push there rentals up as loads of new tenants hit the market, be warned, there are loads of alternatives out there. I can see this starting to hit in SA.
Check out:
http://www.telegraph.co.uk/property/propertynews/5036228/Property-rental-prices-drop-as-more-homeowners-turn-landlord.html
and the BTL's will love this one:
http://www.realestateweb.co.za/realestateweb/view/realestateweb/en/page311?oid=37592&sn=Detail
BUY BUY BUY - Property only goes UP!!!
wakka says
Ursa, I hope you are being sarcastic. Paper money is about to become worthless. Capitalism is on its way out. I think people who own more than one house should have it taken away by the government. If they don't want to give it up they should be shot. We will soon be looking at all aspects of life much differently. The macro bubble is the bubble of expansion, growth, globalization, industrializaion, capitalism, etc. This stuff has only been going on for a couple hundred years or so, and the rate of growth all over the world has been at a breakneck pace the past 100+/-. The computer/information revolution blew so much hot air into the bubble...and then it went to property. Now where? Its over. Can someone please lick my nuts?
Post a Comment