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Are Home Prices Still Too High?

An Excellent article. Now some are trying to put up housing prices by force. This method will not long last and especially first home buyers should be very careful. Do not try to overpay for those housing market manipulators, pump and dump traders. In addition we should not overpay rent as well. In addition to housing prices now rent also collapsing globally.

Still home prices are over priced. We will see one of the worst burst in the housing sector in Asia during next 10 years. First home buyers should wait until 2013. During this period you will see direction of the housing market.

However post baby boomers are not as strong as baby boomers. Once present baby boomers retire housing market will collapse.

When you buy house now you will have to sell your house in the future at a loss. It is happening all over the world now. Do not get caught to debt trap, mortgage trap and traps of real estate brokers, bankers and real estate agents.

We must try to learn how to value houses, employment rate, world economic situation, demand and supply etc before buying houses. House has become a trading product for some speculators and corrupt investors.

Once houses prices come down by 70% then you can think about buying houses. According to some industrial expert some house prices can come down by 70% in the next 18 months globally.