Comments on: The housing bust is global http://sovereignspeculator.com/2008/08/07/the-housing-bust-is-global/ Thoughts on the markets and the decline of the west Fri, 29 Apr 2011 07:25:24 +0000 http://wordpress.org/?v=2.6 By: Mike http://sovereignspeculator.com/2008/08/07/the-housing-bust-is-global/#comment-68 Mike Fri, 15 Aug 2008 17:46:05 +0000 http://sovereignspeculator.com/?p=169#comment-68 Well, Panama is definitely turning. You can hear it in discussions of how price increases have halted and transactions have slowed. This feels like 2006 in the US, the very peak, when few realized it was all over. Well, Panama is definitely turning. You can hear it in discussions of how price increases have halted and transactions have slowed. This feels like 2006 in the US, the very peak, when few realized it was all over.

]]> By: hcrosby http://sovereignspeculator.com/2008/08/07/the-housing-bust-is-global/#comment-67 hcrosby Fri, 15 Aug 2008 16:32:19 +0000 http://sovereignspeculator.com/?p=169#comment-67 Let us know the results of your Panama experiment! Let us know the results of your Panama experiment!

]]> By: Ana http://sovereignspeculator.com/2008/08/07/the-housing-bust-is-global/#comment-28 Ana Fri, 08 Aug 2008 10:16:13 +0000 http://sovereignspeculator.com/?p=169#comment-28 It is very amusing when you visit various cities around the world and speak to the locals. I have in every instance encountered the same verdict: we are unique, our city is not in a bubble, we have special circumstances that have driven up our real estate prices, etc ... In Panama they tell you that even if the Americans stop coming, that really it's the Venezuelans that are the main immigrant group and have no choice but to come; in Belgrade they tell you that Russians are buying up property and that the foreigner influx has just begun; in Bulgaria they probably speak of EU ascendancy, and so on.... I what one can say when presented with such data? Can people still insist that their cities are unique? Being in Panama right now, I think I will conduct an experiment and show this to some of the die-hard Panama real estate enthusiasts :) It is very amusing when you visit various cities around the world and speak to the locals. I have in every instance encountered the same verdict: we are unique, our city is not in a bubble, we have special circumstances that have driven up our real estate prices, etc … In Panama they tell you that even if the Americans stop coming, that really it’s the Venezuelans that are the main immigrant group and have no choice but to come; in Belgrade they tell you that Russians are buying up property and that the foreigner influx has just begun; in Bulgaria they probably speak of EU ascendancy, and so on….

I what one can say when presented with such data? Can people still insist that their cities are unique? Being in Panama right now, I think I will conduct an experiment and show this to some of the die-hard Panama real estate enthusiasts :)

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