Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Credit crunch is smoothly disappearing, house market is good › Reply To: Credit crunch is smoothly disappearing, house market is good
The connection is that the aftermath of any recession due to the credit crunch or other economic factors will I think be much shorter lived than in the past. The point was that the world is not as static as in the past and I think this will be a factor that stimulates growth or puts a bound on the depth on the recession.
I agree that the recessions would be shorter. BUt, in order to be shorter, the pain should also be greater in the shorter time. In USA this applies to the current situations, house prices are falling like a rock.
In Europe this has’t occured yet, prices barely moved.