"Aren't lower house prices more a symptom of the economy"
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Is it?
"By what mechanism will lower house prices cause economic recession?"
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Wealth effect
Negative equity
Housing sector job losses
I am sure there are plenty more reasons and I am not optimistic when the private sector debt is running twice the GDP. Speculating on property using the generous NG/CGT doesn't provide that many jobs relatively speaking.
- Forums
- Property
- We are on the cusp of a full property melt down.
"Aren't lower house prices more a symptom of the economy"...
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