Re: Re: US house price in gold down 80pc

#105097

logan
Participant

All bubbles burst eventually. I certainly would not buy gold at the inflated values we see at the moment.
I agree property can provide an income in the right place but that generated income is falling along with capital values, with increasing costs. Also the risk of empty leveraged property is high.
I’m also totally bearish on property right now. I did think the Far East was a growth area but just take a look at the over supply of office space they are currently creating in China and elsewhere. It’s massively out of control fuelled with cheap money. The sheer scale is mind boggling.
Where have we heard that before? Spain, Ireland and the US and look at the result.