European Tribune - Comments - Is the US Housing Boom running out of Steam?

Is the US Housing Boom running out of Steam? | 10 comments (10 topical, editorial, 0 hidden)

Re: US centric for a reason (none / 0)

I haven't researched house prices in any detail, however, I suspect a direct comparison is problematic: European housing is probably more expensive without any market trends, because of more expensive building materials and more scarce area to build on.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Wed Aug 24th, 2005 at 09:33:24 AM EST
[ Parent ]

Re: US centric for a reason (none / 0)

I think you hit on the essential differences. However, it is important to note that the European example shows us that people will pay very high prices for property and that housing prices can remain this high because of the demand. The price of a flat in Athens exceeds the average income by much more than the 2, 3 or 4 to 1 factor we've become accustomed to in the US.

by Upstate NY on Wed Aug 24th, 2005 at 09:45:55 AM EST
[ Parent ]

Re: US centric for a reason (none / 0)

I again don't have statistics on this, but I seem to recall that there is a stark US-European difference in the ratio of homeowners and flat renters. If that is so, then high house prices do make a difference, and would in the USA too.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.

by DoDo on Wed Aug 24th, 2005 at 10:20:49 AM EST
[ Parent ]

Is the US Housing Boom running out of Steam? | 10 comments (10 topical, 0 editorial, 0 hidden)

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