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EWmums

EWfood

ewmoda

How long til the bubble burst again?

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163

Posts

EW NEWBIE

Latest post on 22 May 2013 - 10:35

the prices are still rising - So some folks must be paying these ridiculous high rents. Until landlords are forced to pay any monies for new tenants ie., the agency fees instead of the tenant, things will never change. Ask the landlord to put his hand in his pocket every year for a new tenant and then things MAY change.

425

Posts

EW EXPLORER

Latest post on 22 May 2013 - 10:28

It's not the LL's but the greedy real estate "professionals" who are driving the prices up and make sure all LL's are on board with them. All of them need to be taught a nasty lesson in being humble instead of being greedy....

1848

Posts

EW EXPERT

Latest post on 22 May 2013 - 10:04

I was wondering the same thing. Dont know why landlords suddenly decides to raise rents crazy again. No one is getting pay increase,accommodation increase or anything.

654

Posts

EW GURU

Latest post on 22 May 2013 - 09:41

An economics professor once told my econ class that bubbles always last longer than people expect them to, and the crash is always harder than expected. Who knows how this will play out.

993

Posts

EW GURU

Latest post on 22 May 2013 - 09:27

All said, my opinion is that rental prices cannot continue to increase at a 20-30% rate every year when the vast majority of people are not seeing allowances increase, at all. In 2005-2008, most people had some form of increase in compensation to cover the even larger increase in rents. So rents will grow but cannot double in price in 2 years as it did . Food never increased substantially back then and is not increasing that much right now. For whatever reason, many property owners here have a different mindset where they will gladly let a property sit empty for months but not reduce their asking price.

501

Posts

EW GURU

Latest post on 22 May 2013 - 08:55

Unfortunately, I don't think this is a bubble this time. High prices might be here to stay. I agree that food and school fees won't necessarily come down, but how can the rental rises continue they way they are going? Some LLs are deluded with the prices they are asking and I have seen several properties sitting empty for months on end as people won't pay the overinflated cost. I hear you. Our friend's house is going for 100k more in rent than we are paying now. No wonder our landlord is "selling." We will have to significantly downsize when we move in November. But still, there are no empty houses on our street.

113

Posts

EW NEWBIE

Latest post on 22 May 2013 - 08:46

Unfortunately, I don't think this is a bubble this time. High prices might be here to stay. I agree that food and school fees won't necessarily come down, but how can the rental rises continue they way they are going? Some LLs are deluded with the prices they are asking and I have seen several properties sitting empty for months on end as people won't pay the overinflated cost.

501

Posts

EW GURU

Latest post on 22 May 2013 - 08:43

Unfortunately, I don't think this is a bubble this time. High prices might be here to stay.

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