The property apocalypse draws closer...
#91
Re: The property apocalypse draws closer...
i mean do you really need a ten thousandth share of ownership in a toothbrush factory or a share in a company that makes the small bolts that fit underseats in trains???
it may be preferable to own shares and it may be vital to the global economy that some people do own shares but not everybody NEEDS too
#92
Guest
Posts: n/a
Re: The property apocalypse draws closer...
Everybody enfranchised in the Western world DOES deal in shares - they just don't know it.
#93
Re: The property apocalypse draws closer...
yes but thats only a percentage of the world and it still doesnt mean that they NEED to own them, banks, companies etc do it or them,( well with their money anyway not for them )
#94
Re: The property apocalypse draws closer...
Total and absolute bollocks
There will be no crash at all
It wont be allowed....
Mark my words.
There will be no crash at all
It wont be allowed....
Mark my words.
#95
Re: The property apocalypse draws closer...
Many residents of Green Community, who were asked to pay up revised service charges last month — ranging between 80 per cent and 300 per cent — as compared to the previous year's maintenance fee, are now contemplating to sell their properties and move elsewhere
http://www.khaleejtimes.com/DisplayA...on=theuae&col=
#96
Re: The property apocalypse draws closer...
It doesn't help though, when you read this in another paper:
Many residents of Green Community, who were asked to pay up revised service charges last month — ranging between 80 per cent and 300 per cent — as compared to the previous year's maintenance fee, are now contemplating to sell their properties and move elsewhere
http://www.khaleejtimes.com/DisplayA...on=theuae&col=
Many residents of Green Community, who were asked to pay up revised service charges last month — ranging between 80 per cent and 300 per cent — as compared to the previous year's maintenance fee, are now contemplating to sell their properties and move elsewhere
http://www.khaleejtimes.com/DisplayA...on=theuae&col=
There's loads of people wanting places here.
It will not happen.
#98
Soupy twist
Thread Starter
Joined: Dec 2004
Posts: 2,271
Re: The property apocalypse draws closer...
People don't need to buy shares, people do need somewhere to live be it rented or bought.
Last edited by Eeyore; Apr 30th 2007 at 2:14 pm.
#100
Soupy twist
Thread Starter
Joined: Dec 2004
Posts: 2,271
Re: The property apocalypse draws closer...
The Property Week article about this was interesting. I think a lot of people who have bought on the Palm and at Burj Dubai are going to be in for a very rude shock when their service charge bill arrives.
#101
BE Enthusiast
Joined: Oct 2006
Posts: 537
Re: The property apocalypse draws closer...
Precisely. For every family that moves out of their villa because their landlord upped their rent to Dhs200k/year, there will be another family ready to move into that house because to them it is a 'bargain'.
#102
Guest
Posts: n/a
Re: The property apocalypse draws closer...
Personally I think that the correction will be staved off to a certain extent because of the enormous amount of cash floating around in the market, and the vested interests of those involved who have the capital to allow blocks to remain half empty.
#103
BE Enthusiast
Joined: Oct 2006
Posts: 537
Re: The property apocalypse draws closer...
So once again this impending apocalypse of real estate death and destruction is temporarily delayed..again.....
#104
Re: The property apocalypse draws closer...
Excuse me for being blond ...But is this thread going round in circles??
#105
BE Enthusiast
Joined: Oct 2006
Posts: 537
Re: The property apocalypse draws closer...
MJC, I would be interested in knowing why you have favourable view towards the real estate market, I remember getting the impression before that you had a view similar to W10s?