The global housing market (and me)

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Comments

  • Truthmonger
    Truthmonger Posts: 559
    OutOfBreath wrote:
    Is it a bubble waiting to burst horribly at some point, or can that kind of growth actually be maintained? It is particularly important for Norway since so many own their own homes, and it is government policy that it is best to own your own house. The growth in the norwegian market has been insane the last decade, right after we took a real nose-dive in the late eighties for a bit.

    I got to thinking on this, since I've just bought an apartment with my girlfriend. Walking distance (20 minutes) from the centre of Bergen, about 70 square metres in size. The cost? About 310.000 US$

    I am still reeling from the cost of it, myself. But maybe it's just the blues for the kickoff of my lifetime indebtedness to the banks, I dunno. But it's gonna be nice to have our own place, and no landlord to worry about.

    Peace
    Dan

    Here, I hope this link works....you might find it interesting:

    http://atrios.blogspot.com/2006_08_27_atrios_archive.html#115680771453879068
  • OutOfBreath
    OutOfBreath Posts: 1,804
    Truthmonger wrote:
    Here, I hope this link works....you might find it interesting:

    http://atrios.blogspot.com/2006_08_27_atrios_archive.html#115680771453879068

    I scrolled down to the figure. Yikes! That doesn't look too good, I gotta tell you that. Thanks for the link.

    Peace
    Dan
    "YOU [humans] NEED TO BELIEVE IN THINGS THAT AREN'T TRUE. HOW ELSE CAN THEY BECOME?" - Death

    "Every judgment teeters on the brink of error. To claim absolute knowledge is to become monstrous. Knowledge is an unending adventure at the edge of uncertainty." - Frank Herbert, Dune, 1965
  • Truthmonger
    Truthmonger Posts: 559
    OutOfBreath wrote:
    I scrolled down to the figure. Yikes! That doesn't look too good, I gotta tell you that. Thanks for the link.

    Peace
    Dan

    Ya, the U.S. and Norwegian housing markets could be 2 totally diff. things, but I'd sya the American market is in for a major correction very soon. There's even quite a diff. in the U.S. and Canadian markets - the Cdn market is said to be much more buoyant at this time....

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