Real Estate agents are now expressing their fears that the housing market will collapse when the subprime frenzy caused by the FHOB ceases.
The Brisbane Times reports Real Estate agent Peter Secco’s office had 37 sales in January and only two were above $500,000.
“If that’s not enough evidence for you then I don’t know what is,” he said. “Every buyer we have now is a first-time buyer and I would say 90 per cent of them are doing it because of the government incentive.”
» Agents tip housing crash after grant glory – The Brisbane Times, 16th March 2009
Well, what do you know? How did this guy keep his gig as an agent? He should have his license removed! He can’t go around spreading lies like that! People might believe him you know! It’s perfect to buy now. Yes, he has to go…………………………………………….
I thought we would have collapsed earlier, but the market is a whole lot more resilient than I thought…..A whole lot more…..Can we stop this drop? I doubt it.