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0 pointsspokenn12y ago0 comments

Aren't you guys in a bubble?

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3 comments · 2 top-level

jongold12y ago· 1 in thread

Maybe - I can't see prices ever dropping significantly though. Maybe 20%, but they'll always be intimidatingly expensive for first-time buyers.

dougabug12y ago

Lehman Bros collapsed because their computer models excluded the possibility of a major decline in real estate prices. Investor confidence is a contrary indicator.

apierre12y ago

London has its own economy when it comes to property. Prices have soared to a new record high just in a month (+10%).

So yes, I think the capital is overheating.

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